SUPPLEMENTAL FINANCIAL INFORMATION - TD Bank

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SUPPLEMENTAL FINANCIAL INFORMATION For the Third Quarter Ended July 31, 2013 Investor Relations Department For further information contact: Kelly Milroy 416-308-9030 www.td.com/investor

Transcript of SUPPLEMENTAL FINANCIAL INFORMATION - TD Bank

Page 1: SUPPLEMENTAL FINANCIAL INFORMATION - TD Bank

SUPPLEMENTAL FINANCIAL INFORMATION

For the Third Quarter Ended July 31, 2013

Investor Relations Department For further information contact:

Kelly Milroy

416-308-9030

www.td.com/investor

Page 2: SUPPLEMENTAL FINANCIAL INFORMATION - TD Bank

Supplemental Financial Information (unaudited)

For the 3rd Quarter Ended July 31, 2013

The supplemental information contained in this package is designed to improve the readers' understanding of the financial performance of TD Bank Group (TD or the Bank). This information should be used in conjunction with the Bank's Q3 2013 Report to Shareholders and Investor Presentation, as well as the Bank's 2012 Annual Report. For financial and banking terms, and acronyms used in this package, see the “Glossary” and "Acronyms" pages, respectively. Shaded numbers have not been recalculated under International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS) and are based on Canadian GAAP. Certain comparative amounts have been reclassified to conform with the current period presentation. How the Bank Reports Effective November 1, 2011, the Bank prepares its consolidated financial statements in accordance with IFRS, the current generally accepted accounting principles (GAAP), and refers to results prepared in accordance with IFRS as the ”reported” results. The Bank also utilizes non-GAAP financial measures referred to as “adjusted” results to assess each of its segments and to measure overall Bank performance. The Bank removes "items of note", net of income taxes, from reported results to arrive at adjusted results, as items of note relate to items which management does not believe are indicative of underlying business performance. The items of note are listed on page 3 of this package. The Bank believes that adjusted results provide the reader with a better understanding of how management views the Bank’s performance. As explained, adjusted results are different from reported results determined in accordance with IFRS. Adjusted results, items of note, and related terms are non-GAAP financial measures as these are not defined terms under IFRS and, therefore, may not be comparable to similar terms used by other issuers. A reconciliation between the Bank’s reported and adjusted results is provided in the "How the Bank Reports" section of the Bank's Q3 2013 Report to Shareholders. Segmented Information For management reporting purposes, the Bank’s operations and activities are organized around four key business segments operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking (CAD P&C), Wealth and Insurance, U.S. Personal and Commercial Banking (U.S. P&C), and Wholesale Banking. The Bank's other activities are grouped into the Corporate segment. The results of TD Auto Finance Canada are reported in CAD P&C. The results of TD Auto Finance U.S. are reported in U.S. P&C. Integration charges, direct transaction costs, and changes in fair value of contingent consideration relating to the Chrysler Financial acquisition were reported in the Corporate segment. Effective December 1, 2011, the results of the credit card portfolio of MBNA Canada (MBNA) are reported primarily in the CAD P&C and Wealth and Insurance segments. Integration charges and direct transaction costs relating to the acquisition of the credit card portfolio of MBNA Canada are reported in CAD P&C. Effective March 13, 2013, the results of the U.S. credit card portfolio of Target Corporation (Target) are reported in U.S. P&C and effective March 27, 2013, the results of Epoch Holding Corporation including its wholly-owned subsidiary Epoch Investment Partners, Inc. (Epoch) are reported in Wealth and Insurance. Effective November 1, 2011, the Bank revised its methodology for allocating capital to its business segments to align with the common equity capital requirements under Basel III at a 7% Common Equity Tier 1 (CET1) ratio. As such the return measures for business segments now reflect a return on common equity (ROE) methodology and not return on invested capital which was reported previously. These changes have been applied prospectively. The Bank measures and evaluates the performance of each segment based on adjusted results, economic profit, and adjusted ROE. Economic profit is adjusted net income available to common shareholders less a charge for average common equity. Adjusted ROE is adjusted net income available to common shareholders as a percentage of average common equity. Economic profit and adjusted ROE are non-GAAP financial measures as these are not defined terms under IFRS and, therefore, may not be comparable to similar terms used by other issuers. The Bank measures and evaluates the performance of the segments based on our management structure and is not necessarily comparable with other financial services companies. Results of each business segment reflect revenue, expenses, assets, and liabilities generated by the businesses in that segment. Due to the complexity of the Bank, its management reporting model uses various estimates, assumptions, allocations, and risk-based methodologies for funds transfer pricing, inter-segment revenue, income tax rates, capital, indirect expenses, and cost transfers to measure business segment results. Transfer pricing of funds is generally applied at market rates. Inter-segment revenue is negotiated between each business segment and approximates the value provided by the distributing segment. Income tax provision or recovery is generally applied to each segment based on a statutory tax rate and may be adjusted for items and activities unique to each segment. Net income for the operating business segments is presented before any items of note not attributed to the operating segments. Net interest income within Wholesale Banking is calculated on a taxable equivalent basis (TEB), which means that the value of the non-taxable or tax-exempt income, including dividends, is adjusted to its equivalent before-tax value. Using TEB allows the Bank to measure income from all securities and loans consistently and makes for a more meaningful comparison of net interest income with similar institutions. The TEB increase to net interest income and provision for income taxes reflected in Wholesale Banking results is reversed in the Corporate segment. Basel III Effective Q1 2013, the Bank complies with the Office of the Superintendent of Financial Institutions Canada (OSFI) new guideline for calculating risk-weighted assets (RWA) and regulatory capital, which is based on “A global regulatory framework for more resilient banks and banking systems” (Basel III) issued by the Basel Committee on Banking Supervision (BCBS). Regulatory capital ratios prior to 2013 were not restated and are measured based on the Basel II regulatory framework. The Capital Adequacy Requirements (CAR) Guideline contains two methodologies for capital ratio calculation: (i) the “transitional” method; and (ii) the “all-in” method. Under the “transitional” method, changes in capital treatment for certain items, as well as minimum capital ratio requirements, will be phased in over the period from 2013 to 2019. Under the “all-in” method, capital is defined to include all of the regulatory adjustments that will be required by 2019, while retaining the phase-out rules for non-qualifying capital instruments. OSFI expects Canadian banks to include an additional capital conservation buffer of 2.5% commencing in the first quarter of 2013, effectively raising the CET1 minimum requirement to 7.0%. With the capital conservation buffer, Canadian banks are required to maintain a minimum Tier 1 capital ratio of 8.5% and Total capital ratio of 10.5%, starting in the first quarter of 2014. The final CAR Guideline postponed the Credit Valuation Adjustment (CVA) capital add-on charge until January 1, 2014.

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Supplemental Financial Information (unaudited) For the 3rd Quarter Ended July 31, 2013

Table of Contents

Page Page Highlights 1 Provision for Credit Losses 31 Shareholder Value 2 Provision for Credit Losses by Industry Sector and Geographic Location 32 - 33 Adjustments for Items of Note, Net of Income Taxes 3 Acquired Credit-Impaired Loans by Geographic Location 34 - 35 Segmented Results Summary 4 Analysis of Change in Equity 36 Canadian Personal and Commercial Banking Segment 5 Change in Accumulated Other Comprehensive Income, Net of Income Taxes 37 Wealth and Insurance Segment 6 Analysis of Change in Non-Controlling Interests and Investment in U.S. Personal and Commercial Banking Segment - Canadian Dollars 7 TD Ameritrade 38 - U.S. Dollars 8 Derivatives Wholesale Banking Segment 9 Notional Principal 39 Corporate Segment 10 Credit Exposure 40 Net Interest Income and Margin 11 Gross Credit Risk Exposure 41 - 43 Non-Interest Income 12 Exposures Covered By Credit Risk Mitigation 44 Non-Interest Expenses 13 Standardized Credit Risk Exposures 45 Balance Sheet 14 AIRB Credit Risk Exposures: Retail Risk Parameters 46 Unrealized Gain (Loss) on Banking Book Equities and Assets under AIRB Credit Risk Exposures: Non-Retail Risk Parameters 47 Administration and Management 15 AIRB Credit Risk Exposures: Undrawn Commitments and EAD on Goodwill, Other Intangibles, and Restructuring Costs 16 Undrawn Commitments 48 On- and Off-Balance Sheet Loan Securitizations 17 AIRB Credit Risk Exposures: Loss Experience 49 Standardized Charges for Securitization Exposures in the Trading Book 18 Securitization and Resecuritization Exposures in the Banking Book 50 Securitization Exposures in the Trading Book 19 Risk-Weighted Assets 51 Securitization Exposures in the Banking Book 20 Capital Position – Basel III Q3 2013 52 - 53 Third-Party Originated Assets Securitized by Bank Sponsored Conduits 21 Reconciliation with Balance Sheet Under Regulatory Scope of Consolidation 54 Loans Managed 22 Flow Statement for Regulatory Capital 55 Gross Loans and Acceptances by Industry Sector and Geographic Location 23 - 24 Capital Position – Basel III Q1 2013 and Q2 2013 56 Impaired Loans 25 Capital Position – Basel II 57 Impaired Loans and Acceptances by Industry Sector and Geographic Location 26 - 27 Adjustments for Items of Note, Net of Income Taxes – Footnotes 58 Allowance for Credit Losses 28 Glossary 59 Allowance for Credit Losses by Industry Sector and Geographic Location 29 - 30 Acronyms 60

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Highlights

LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Income Statement ($ millions, except as noted) Net interest income 1 $ 4,146 $ 3,902 $ 3,846 $ 3,842 $ 3,817 $ 3,680 $ 3,687 $ 3,532 $ 3,514 $ 11,894 $ 11,184 $ 15,026 $ 13,661 Non-interest income 2 1,799 2,098 2,125 2,047 2,024 2,070 1,955 2,131 1,870 6,022 6,049 8,096 8,001 Total revenue 3 5,945 6,000 5,971 5,889 5,841 5,750 5,642 5,663 5,384 17,916 17,233 23,122 21,662 Provision for (reversal of) credit losses Loans 4 472 402 360 543 413 353 360 350 320 1,234 1,126 1,669 1,334 Debt securities classified as loans 5 (11) 3 3 3 3 3 3 3 3 (5) 9 12 75 Acquired credit-impaired loans 6 16 12 22 19 22 32 41 (13) 57 50 95 114 81 Total provision for (reversal of) credit losses 7 477 417 385 565 438 388 404 340 380 1,279 1,230 1,795 1,490 Non-interest expenses 8 3,764 3,626 3,495 3,606 3,471 3,372 3,549 3,488 3,206 10,885 10,392 13,998 13,047 Net income before provision for income taxes 9 1,704 1,957 2,091 1,718 1,932 1,990 1,689 1,835 1,798 5,752 5,611 7,329 7,125 Provision for (recovery of) income taxes 10 252 291 360 178 291 351 272 310 367 903 914 1,092 1,326 Income before equity in net income of an investment in associate 11 1,452 1,666 1,731 1,540 1,641 1,639 1,417 1,525 1,431 4,849 4,697 6,237 5,799 Equity in net income of an investment in associate, net of income taxes 12 75 57 59 57 62 54 61 64 59 191 177 234 246 Net income – reported 13 1,527 1,723 1,790 1,597 1,703 1,693 1,478 1,589 1,490 5,040 4,874 6,471 6,045 Adjustment for items of note, net of income taxes 14 61 110 126 160 117 43 284 67 145 297 444 604 387 Net income – adjusted 15 1,588 1,833 1,916 1,757 1,820 1,736 1,762 1,656 1,635 5,337 5,318 7,075 6,432 Preferred dividends 16 38 49 49 49 49 49 49 48 43 136 147 196 180 Net income available to common shareholders and non-controlling interests in subsidiaries – adjusted 17 $ 1,550 $ 1,784 $ 1,867 $ 1,708 $ 1,771 $ 1,687 $ 1,713 $ 1,608 $ 1,592 $ 5,201 $ 5,171 $ 6,879 $ 6,252 Attributable to: Non-controlling interests – adjusted 18 $ 26 $ 26 $ 26 $ 26 $ 26 $ 26 $ 26 $ 26 $ 27 $ 78 $ 78 $ 104 $ 104 Common shareholders – adjusted 19 1,524 1,758 1,841 1,682 1,745 1,661 1,687 1,582 1,565 5,123 5,093 6,775 6,148 Earnings per Common Share (EPS) ($) and Average Number of Shares (millions)1 Basic earnings Reported 20 $ 1.59 $ 1.79 $ 1.87 $ 1.67 $ 1.79 $ 1.79 $ 1.56 $ 1.70 $ 1.60 $ 5.25 $ 5.14 $ 6.81 $ 6.50 Adjusted 21 1.65 1.91 2.01 1.84 1.92 1.84 1.87 1.77 1.77 5.57 5.63 7.47 6.94 Diluted earnings Reported 22 1.58 1.78 1.86 1.66 1.78 1.78 1.55 1.68 1.58 5.23 5.11 6.76 6.43 Adjusted 23 1.65 1.90 2.00 1.83 1.91 1.82 1.86 1.75 1.75 5.55 5.59 7.42 6.86 Average number of common shares outstanding Basic 24 921.4 920.9 916.8 912.4 908.7 904.1 901.1 893.8 886.6 919.7 904.6 906.6 885.7 Diluted 25 924.1 923.7 922.6 920.0 916.0 912.6 909.2 909.0 902.5 923.5 913.0 914.9 902.9 Balance Sheet ($ billions) Total assets 26 $ 835.1 $ 826.4 $ 818.5 $ 811.1 $ 806.3 $ 773.2 $ 779.1 $ 735.5 $ 713.6 $ 835.1 $ 806.3 $ 811.1 $ 735.5 Total equity 27 50.9 51.2 49.8 49.0 48.1 45.9 45.5 44.0 40.9 50.9 48.1 49.0 44.0 Risk Metrics ($ billions, except as noted) Risk-weighted assets2,3,4 28 $ 283.5 $ 281.8 $ 274.4 $ 245.9 $ 246.4 $ 242.0 $ 243.6 $ 218.8 $ 207.8 $ 283.5 $ 246.4 $ 245.9 $ 218.8 Common Equity Tier 1 (CET1)5 29 25.4 24.7 24.3 n/a n/a n/a n/a n/a n/a 25.4 n/a n/a n/a Common Equity Tier 1 capital ratio4,5 30 8.9 % 8.8 % 8.8 % n/a n/a n/a n/a n/a n/a 8.9 % n/a n/a n/a Tier 1 capital2,3 31 $ 31.1 $ 30.4 $ 30.0 $ 31.0 $ 30.0 $ 29.1 $ 28.4 $ 28.5 $ 26.8 $ 31.1 $ 30.0 $ 31.0 $ 28.5 Tier 1 capital ratio2,3,4 32 11.0 % 10.8 % 10.9 % 12.6 % 12.2 % 12.0 % 11.6 % 13.0 % 12.9 % 11.0 % 12.2 % 12.6 % 13.0 % Total capital ratio2,3,4 33 14.2 14.0 14.2 15.7 15.2 15.1 14.7 16.0 16.3 14.2 15.2 15.7 16.0 After-tax impact of 1% increase in interest rates on: Common shareholders' equity ($ millions)3 34 $ (90) $ (104) $ (107) $ (162) $ (166) $ (180) $ (92) $ (111) $ (62) $ (90) $ (166) $ (162) $ (111) Annual net income ($ millions)3, 6 35 266 298 157 166 (30) (30) (30) (29) (17) 266 (30) 166 (29) Net impaired loans – personal, business, and government ($ millions)7 36 2,200 2,089 2,033 2,100 1,975 1,993 2,121 2,063 2,008 2,200 1,975 2,100 2,063 Net impaired loans – personal, business, and government as a % of net loans and acceptances7 37 0.51 % 0.49 % 0.49 % 0.52 % 0.49 % 0.51 % 0.55 % 0.56 % 0.56 % 0.51 % 0.49 % 0.52 % 0.56 % Provision for credit losses as a % of net average loans and acceptances7 38 0.43 0.39 0.35 0.54 0.42 0.37 0.38 0.38 0.36 0.39 0.39 0.43 0.39 Rating of senior debt: Moody's 39 Aa1 Aa1 Aa1 Aaa Aaa Aaa Aaa Aaa Aaa Aa1 Aaa Aaa Aaa Standard and Poor's 40 AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- 1 Basic EPS is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period. For the calculation of diluted EPS, adjustments are made to the net income attributable to

common shareholders to include the effect of dilutive securities. As a result, the sum of the quarterly basic and diluted EPS figures may not equal the year-to-date EPS. 2 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 3 Prior to Q1 2012, amounts were calculated based on Canadian GAAP. 4 The final CAR Guideline postponed the CVA capital add-on charge until January 1, 2014. 5 Effective Q1 2013, the Bank implemented the Basel III regulatory framework. As a result, the Bank began reporting the measures, CET1 and CET1 capital ratio, in accordance with the “all-in” methodology. 6 Certain comparative amounts have been restated to conform with the current period presentation. 7 Excludes acquired credit-impaired (ACI) loans and debt securities classified as loans. For additional information on ACI loans, see pages 34 to 35.

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Shareholder Value

($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Business Performance Net income available to common shareholders and non-controlling interests in subsidiaries – reported 1 $ 1,489 $ 1,674 $ 1,741 $ 1,548 $ 1,654 $ 1,644 $ 1,429 $ 1,541 $ 1,447 $ 4,904 $ 4,727 $ 6,275 $ 5,865 Economic profit1,2 2 473 756 832 703 787 762 782 594 649 2,062 2,330 3,037 2,469 Average common equity 3 46,342 45,651 44,488 43,256 42,333 40,625 39,999 38,131 35,027 45,475 41,012 41,535 35,568 Return on common equity – reported 4 12.5 % 14.8 % 15.3 % 14.0 % 15.3 % 16.2 % 14.0 % 15.8 % 16.1 % 14.2 % 15.1 % 14.9 % 16.2 % Return on common equity – adjusted 5 13.0 % 15.8 % 16.4 % 15.5 % 16.4 % 16.6 % 16.8 % 16.5 % 17.7 % 15.1 % 16.6 % 16.3 % 17.3 % Return on risk-weighted assets – adjusted3,4 6 2.14 % 2.59 % 2.81 % 2.72 % 2.84 % 2.78 % 2.90 % 2.95 % 2.97 % 2.52 % 2.86 % 2.83 % 2.95 % Efficiency ratio – reported 7 63.3 % 60.5 % 58.5 % 61.2 % 59.4 % 58.7 % 62.9 % 61.6 % 59.6 % 60.8 % 60.3 % 60.5 % 60.2 % Efficiency ratio – adjusted 8 62.5 % 58.4 % 55.6 % 59.0 % 55.4 % 56.8 % 55.3 % 59.4 % 55.8 % 58.8 % 55.8 % 56.6 % 57.5 % Effective tax rate Reported 9 14.8 % 14.9 % 17.2 % 10.4 % 15.1 % 17.6 % 16.1 % 16.9 % 20.4 % 15.7 % 16.3 % 14.9 % 18.6 % Adjusted (TEB) 10 19.8 % 18.7 % 20.9 % 17.1 % 20.6 % 20.8 % 22.6 % 22.4 % 24.5 % 19.8 % 21.3 % 20.3 % 23.2 % Net interest margin 11 2.22 % 2.21 % 2.15 % 2.22 % 2.23 % 2.25 % 2.22 % 2.24 % 2.33 % 2.19 % 2.23 % 2.23 % 2.30 % Average number of full-time equivalent staff 12 78,917 78,414 78,756 79,000 78,783 78,005 77,786 77,360 77,168 78,699 78,195 78,397 75,631 Common Share Performance Closing market price ($) 13 $ 86.56 $ 82.59 $ 83.29 $ 81.23 $ 78.92 $ 83.49 $ 77.54 $ 75.23 $ 76.49 $ 86.56 $ 78.92 $ 81.23 $ 75.23 Book value per common share ($) 14 50.04 50.18 48.78 48.17 47.37 45.19 45.00 43.43 40.59 50.04 47.37 48.17 43.43 Closing market price to book value 15 1.73 1.65 1.71 1.69 1.67 1.85 1.72 1.73 1.88 1.73 1.67 1.69 1.73 Price-earnings ratio Reported 16 12.6 11.7 11.8 12.0 11.6 12.7 12.3 11.7 13.1 12.6 11.6 12.0 11.7 Adjusted 17 11.7 10.8 11.0 10.9 10.8 11.6 11.1 11.0 11.8 11.7 10.8 10.9 11.0 Total shareholder return on common shareholders' investment5 18 13.9 % 2.7 % 11.3 % 11.9 % 6.9 % 5.5 % 7.0 % 5.7 % 8.1 % 13.9 % 6.9 % 11.9 % 5.7 % Number of common shares outstanding (millions) 19 919.8 922.1 920.5 916.1 911.7 908.2 903.7 901.0 888.8 919.8 911.7 916.1 901.0 Total market capitalization ($ billions) 20 $ 79.6 $ 76.2 $ 76.7 $ 74.4 $ 71.9 $ 75.8 $ 70.1 $ 67.8 $ 68.0 $ 79.6 $ 71.9 $ 74.4 $ 67.8 Dividend Performance Dividend per common share ($) 21 $ 0.81 $ 0.81 $ 0.77 $ 0.77 $ 0.72 $ 0.72 $ 0.68 $ 0.68 $ 0.66 $ 2.39 $ 2.12 $ 2.89 $ 2.61 Dividend yield 22 3.7 % 3.7 % 3.7 % 3.6 % 3.5 % 3.4 % 3.6 % 3.5 % 3.1 % 3.8 % 3.6 % 3.8 % 3.4 % Common dividend payout ratio Reported 23 51.0 45.3 41.2 46.1 40.2 40.2 43.7 40.3 41.2 45.5 41.3 42.5 40.2 Adjusted 24 49.0 42.4 38.3 41.7 37.5 39.2 36.3 38.6 37.4 42.9 37.7 38.7 37.7

1 The rate charged for common equity is 9.0% in both 2013 and 2012. The rate charged for invested capital was 9.0% in 2011. 2 Effective Q1 2012, economic profit is calculated based on average common equity on a prospective basis. Prior to Q1 2012, economic profit was calculated based on average invested capital. Had this change been done on a retroactive basis, economic profit for

the Bank, calculated based on average common equity, would have been $717 million for Q4 2011, $770 million for Q3 2011, and $2,947 million for the full year 2011. 3 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 4 Prior to Q1 2012, amounts were calculated based on Canadian GAAP. 5 Return is calculated based on share price movement and reinvested dividends over the trailing twelve month period.

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Adjustments for Items of Note, Net of Income Taxes1

LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Increase (Decrease) in Net Income Due to Items of Note ($ millions) Amortization of intangibles (Footnote 2) 1 $ 59 $ 58 $ 56 $ 60 $ 59 $ 59 $ 60 $ 95 $ 94 $ 173 $ 178 $ 238 $ 391 Fair value of derivatives hedging the reclassified available-for-sale securities portfolio (Footnote 3) 2 (70) 22 (24) 35 – 9 45 (37) (9) (72) 54 89 (128) Integration charges and direct transaction costs relating to U.S. P&C Banking acquisitions (Footnote 4) 3 – – – – – – 9 (1) 39 – 9 9 82 Fair value of credit default swaps (CDS) hedging the corporate loan book, net of provision for credit losses (Footnote 5) 4 – – – – (2) 1 1 (9) (5) – – – (13) Integration charges, direct transaction costs, and changes in fair value of contingent consideration relating to the Chrysler Financial acquisition (Footnote 6) 5 – – – 3 6 3 5 19 26 – 14 17 55 Integration charges and direct transaction costs relating to the acquisition of the credit card portfolio of MBNA Canada (Footnote 7) 6 24 30 24 25 25 30 24 – – 78 79 104 – Litigation reserve (Footnote 8) 7 – – 70 – 77 – 171 – – 70 248 248 – Reduction of allowance for incurred but not identified credit losses (Footnote 9) 8 – – – – (30) (59) (31) – – – (120) (120) – Positive impact due to changes in statutory income tax rates (Footnote 10) 9 – – – – (18) – – – – – (18) (18) – Impact of Superstorm Sandy (Footnote 11) 10 – – – 37 – – – – – – – 37 – Impact of Alberta flood on the loan portfolio (Footnote 12) 11 48 – – – – – – – – 48 – – – Total 12 $ 61 $ 110 $ 126 $ 160 $ 117 $ 43 $ 284 $ 67 $ 145 $ 297 $ 444 $ 604 $ 387 Increase (Decrease) in Earnings per Share Due to Items of Note ($) (Footnote 13) Amortization of intangibles (Footnote 2) 13 $ 0.06 $ 0.06 $ 0.06 $ 0.06 $ 0.06 $ 0.06 $ 0.07 $ 0.10 $ 0.11 $ 0.19 $ 0.19 $ 0.26 $ 0.43 Fair value of derivatives hedging the reclassified available-for-sale securities portfolio (Footnote 3) 14 (0.07) 0.03 (0.03) 0.04 – 0.01 0.05 (0.04) (0.01) (0.08) 0.06 0.10 (0.14) Integration charges and direct transaction costs relating to U.S. P&C Banking acquisitions (Footnote 4) 15 – – – – – – 0.01 – 0.04 – 0.01 0.01 0.09 Fair value of credit default swaps (CDS) hedging the corporate loan book, net of provision for credit losses (Footnote 5) 16 – – – – – – – (0.01) – – – – (0.01) Integration charges, direct transaction costs, and changes in fair value of contingent consideration relating to the Chrysler Financial acquisition (Footnote 6) 17 – – – – 0.01 – – 0.02 0.03 – 0.01 0.02 0.06 Integration charges and direct transaction costs relating to the acquisition of the credit card portfolio of MBNA Canada (Footnote 7) 18 0.03 0.03 0.03 0.03 0.03 0.03 0.02 – – 0.08 0.09 0.11 – Litigation reserve (Footnote 8) 19 – – 0.08 – 0.08 – 0.19 – – 0.08 0.27 0.27 – Reduction of allowance for incurred but not identified credit losses (Footnote 9) 20 – – – – (0.03) (0.06) (0.03) – – – (0.13) (0.13) – Positive impact due to changes in statutory income tax rates (Footnote 10) 21 – – – – (0.02) – – – – – (0.02) (0.02) – Impact of Superstorm Sandy (Footnote 11) 22 – – – 0.04 – – – – – – – 0.04 – Impact of Alberta flood on the loan portfolio (Footnote 12) 23 0.05 – – – – – – – – 0.05 – – – Total 24 $ 0.07 $ 0.12 $ 0.14 $ 0.17 $ 0.13 $ 0.04 $ 0.31 $ 0.07 $ 0.17 $ 0.32 $ 0.48 $ 0.66 $ 0.43

1 For detailed footnotes to the items of note, see page 58.

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Segmented Results Summary

($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Net Income (loss) – Adjusted Canadian Personal and Commercial Banking1 1 $ 997 $ 877 $ 944 $ 831 $ 889 $ 838 $ 850 $ 754 $ 795 $ 2,818 $ 2,577 $ 3,408 $ 3,051 Wealth and Insurance1 2 7 364 377 293 360 365 349 343 349 748 1,074 1,367 1,314 U.S. Personal and Commercial Banking 3 445 398 385 353 361 356 352 294 334 1,228 1,069 1,422 1,270 Total Retail 4 1,449 1,639 1,706 1,477 1,610 1,559 1,551 1,391 1,478 4,794 4,720 6,197 5,635 Wholesale Banking 5 147 220 159 309 180 197 194 280 112 526 571 880 815 Corporate 6 (8) (26) 51 (29) 30 (20) 17 (15) 45 17 27 (2) (18) Total Bank 7 $ 1,588 $ 1,833 $ 1,916 $ 1,757 $ 1,820 $ 1,736 $ 1,762 $ 1,656 $ 1,635 $ 5,337 $ 5,318 $ 7,075 $ 6,432 Return on Common Equity – Adjusted2 Canadian Personal and Commercial Banking1 8 50.6 % 46.3 % 48.7 % 43.1 % 45.4 % 43.4 % 44.9 % 36.0 % 38.0 % 48.6 % 44.6 % 44.2 % 36.9 % Wealth and Insurance1 9 0.4 25.2 25.3 17.9 20.9 22.5 21.4 25.9 27.1 16.6 21.5 20.7 25.3 U.S. Personal and Commercial Banking 10 9.1 8.6 8.6 8.1 8.1 8.2 7.9 7.2 8.5 8.8 8.1 8.1 7.8 Wholesale Banking3 11 14.3 20.9 15.0 30.3 16.7 19.5 18.7 31.5 13.1 16.7 18.3 21.2 24.3 Total Bank3 12 13.0 % 15.8 % 16.4 % 15.5 % 16.4 % 16.6 % 16.8 % 14.4 % 15.4 % 15.1 % 16.6 % 16.3 % 15.0 % Percentage of Adjusted Net Income Mix4 Total Retail 13 91 % 88 % 91 % 83 % 90 % 89 % 89 % 83 % 93 % 90 % 89 % 88 % 87 % Wholesale Banking 14 9 12 9 17 10 11 11 17 7 10 11 12 13 Total Bank 15 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % Geographic Contribution to Total Revenue5 Canada 16 60 % 65 % 66 % 67 % 67 % 64 % 65 % 67 % 65 % 64 % 65 % 66 % 64 % United States 17 32 29 26 26 26 27 26 25 27 29 27 26 26 Other International 18 8 6 8 7 7 9 9 8 8 7 8 8 10 Total Bank 19 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 1 Effective Q1 2012, the Insurance business was transferred from CAD P&C to Wealth and Insurance. The 2011 results have been restated accordingly. 2 Effective Q1 2012, the Bank revised its methodology for allocating capital to its business segments to align with the common equity capital requirements under Basel III at a 7% CET1 ratio. The return measures for business segments will now be return on common equity rather than return on invested capital. These changes have been applied prospectively. Return on invested capital, which was used as the return measure in prior periods, has not been restated to return on common equity. 3 OSFI guidance issued in November 2012 permits banks to defer capital relating to CVA capital until January 1, 2014. The Bank has chosen to continue to allocate capital to Wholesale Banking, for fiscal 2013 inclusive of CVA capital. However, total Bank results exclude CVA capital to align with the revised OSFI guidance issued in November 2012. 4 Percentages exclude the Corporate segment results. 5 TEB amounts are not included.

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Canadian Personal and Commercial Banking Segment1

RESULTS OF OPERATIONS ($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Net interest income 1 $ 2,126 $ 2,010 $ 2,058 $ 2,071 $ 2,055 $ 1,967 $ 1,930 $ 1,840 $ 1,834 $ 6,194 $ 5,952 $ 8,023 $ 7,190 Non-interest income 2 695 655 665 678 675 636 640 621 591 2,015 1,951 2,629 2,342 Total revenue 3 2,821 2,665 2,723 2,749 2,730 2,603 2,570 2,461 2,425 8,209 7,903 10,652 9,532 Provision for credit losses 4 216 245 244 306 288 274 283 212 205 705 845 1,151 824 Non-interest expenses 5 1,281 1,267 1,226 1,343 1,259 1,226 1,160 1,193 1,106 3,774 3,645 4,988 4,433 Net income before income taxes 6 1,324 1,153 1,253 1,100 1,183 1,103 1,127 1,056 1,114 3,730 3,413 4,513 4,275 Income taxes 7 351 306 333 294 319 295 301 302 319 990 915 1,209 1,224 Net income – reported 8 973 847 920 806 864 808 826 754 795 2,740 2,498 3,304 3,051 Adjustments for items of note, net of income taxes2 9 24 30 24 25 25 30 24 – – 78 79 104 – Net income – adjusted 10 $ 997 $ 877 $ 944 $ 831 $ 889 $ 838 $ 850 $ 754 $ 795 $ 2,818 $ 2,577 $ 3,408 $ 3,051 Average common equity ($ billions)3 11 $ 7.8 $ 7.8 $ 7.7 $ 7.7 $ 7.8 $ 7.8 $ 7.5 $ 8.3 $ 8.3 $ 7.8 $ 7.7 $ 7.7 $ 8.3 Economic profit3,4 12 839 726 789 678 732 683 699 587 627 2,354 2,114 2,792 2,388 Return on common equity – reported3 13 49.4 % 44.6 % 47.5 % 41.9 % 44.1 % 42.0 % 43.7 % 36.0 % 38.0 % 47.2 % 43.2 % 42.9 % 36.9 % Return on common equity – adjusted3 14 50.6 % 46.3 % 48.7 % 43.1 % 45.4 % 43.4 % 44.9 % 36.0 % 38.0 % 48.6 % 44.6 % 44.2 % 36.9 % Key Performance Indicators ($ billions, except as noted) Risk-weighted assets5,6 15 $ 83 $ 81 $ 79 $ 78 $ 77 $ 79 $ 79 $ 73 $ 72 $ 83 $ 77 $ 78 $ 73 Average loans – personal Residential mortgages 16 158.4 155.4 154.7 152.8 148.8 145.3 144.0 141.0 136.2 156.2 146.0 147.7 134.5 Consumer instalment and other personal HELOC 17 62.2 62.5 63.1 63.4 63.5 63.6 63.4 63.8 64.1 62.6 63.5 63.5 64.2 Indirect Auto 18 14.0 13.7 13.8 13.9 13.8 13.5 13.4 13.5 13.1 13.8 13.6 13.7 12.5 Other 19 12.3 12.5 12.6 12.7 12.8 13.0 13.1 13.2 13.2 12.4 13.0 12.9 13.2 Credit card 20 15.3 15.1 15.2 15.1 15.2 15.4 13.8 8.5 8.4 15.2 14.8 14.9 8.3 Total average loans – personal 21 262.2 259.2 259.4 257.9 254.1 250.8 247.7 240.0 235.0 260.2 250.9 252.7 232.7 Average loans and acceptances – business 22 46.1 44.8 42.9 42.1 40.7 39.4 37.8 36.6 35.7 44.6 39.3 40.0 35.0 Average deposits Personal 23 150.3 149.9 150.4 149.1 146.3 142.8 139.9 135.9 135.5 150.2 143.0 144.5 135.1 Business 24 73.9 71.0 71.3 70.3 68.5 66.0 66.3 63.9 62.4 72.1 66.9 67.8 61.5 Margin on average earning assets including securitized assets – reported 25 2.83 % 2.80 % 2.79 % 2.83 % 2.86 % 2.84 % 2.77 % 2.71 % 2.77 % 2.81 % 2.82 % 2.82 % 2.76 % Margin on average earning assets including securitized assets – adjusted 26 2.83 % 2.80 % 2.79 % 2.83 % 2.86 % 2.87 % 2.79 % 2.71 % 2.77 % 2.81 % 2.84 % 2.84 % 2.76 % Efficiency ratio – reported 27 45.4 % 47.5 % 45.0 % 48.9 % 46.1 % 47.1 % 45.1 % 48.4 % 45.6 % 46.0 % 46.1 % 46.8 % 46.5 % Non-interest expenses – adjusted ($ millions) 28 1,248 1,226 1,194 1,310 1,224 1,208 1,142 1,193 1,106 3,668 3,574 4,884 4,433 Efficiency ratio – adjusted 29 44.2 % 46.0 % 43.8 % 47.7 % 44.8 % 46.0 % 44.2 % 48.4 % 45.6 % 44.7 % 45.0 % 45.7 % 46.5 % Number of Canadian retail branches at period end 30 1,169 1,165 1,166 1,168 1,160 1,153 1,150 1,150 1,134 1,169 1,160 1,168 1,150 Average number of full-time equivalent staff7 31 28,345 28,048 28,385 28,449 31,270 31,017 30,696 30,065 30,110 28,262 30,994 30,354 29,815

1 Effective Q1 2012, the Insurance business was transferred from CAD P&C to Wealth and Insurance. The 2011 results have been restated accordingly. 2 Items of note relate primarily to integration charges and direct transaction costs relating to the acquisition of the credit card portfolio of MBNA Canada. See footnote 7 on page 58. 3 Effective Q1 2012, the Bank revised its methodology for allocating capital to its business segments to align with the common equity capital requirements under Basel III at a 7% CET1 ratio. The return measures for business segments will now be return on common equity rather than return on invested capital. These changes have been applied prospectively. Return on invested capital, which was used as the return measure in prior periods, has not been restated to return on common equity. 4 The rate charged for common equity is 8.0% in both 2013 and 2012. The rate charged for invested capital was 8.0% in 2011. 5 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 6 Prior to Q1 2012, amounts were calculated based on Canadian GAAP. 7 Effective Q4 2012, 2,683 full-time equivalent (FTE) staff related to the electronic distribution channels were transferred to the Corporate segment. The expenses related to these FTE have been allocated to CAD P&C.

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Wealth and Insurance Segment1

RESULTS OF OPERATIONS ($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Net interest income 1 $ 144 $ 140 $ 148 $ 147 $ 148 $ 144 $ 144 $ 136 $ 139 $ 432 $ 436 $ 583 $ 542 Insurance revenue (loss), net of claims and related expenses2 2 (198) 294 325 232 270 330 281 308 296 421 881 1,113 1,167 Income (loss) from financial instruments designated at fair value through profit or loss 3 (40) 10 (5) (6) 18 (17) 10 9 18 (35) 11 5 (2) Other non-interest income 4 684 647 609 590 573 591 564 586 576 1,940 1,728 2,318 2,333 Total revenue 5 590 1,091 1,077 963 1,009 1,048 999 1,039 1,029 2,758 3,056 4,019 4,040 Non-interest expenses 6 711 710 670 676 632 653 639 669 640 2,091 1,924 2,600 2,616 Net income (loss) before income taxes 7 (121) 381 407 287 377 395 360 370 389 667 1,132 1,419 1,424 Provision for (recovery of) income taxes 8 (59) 70 77 45 73 77 66 81 88 88 216 261 317 Wealth and Insurance net income (loss), before TD Ameritrade 9 (62) 311 330 242 304 318 294 289 301 579 916 1,158 1,107 Equity in net income of an investment in associate, net of income taxes3 10 69 53 47 51 56 47 55 54 48 169 158 209 207 Total Wealth and Insurance net income – reported 11 7 364 377 293 360 365 349 343 349 748 1,074 1,367 1,314 Total Wealth and Insurance net income – adjusted 12 $ 7 $ 364 $ 377 $ 293 $ 360 $ 365 $ 349 $ 343 $ 349 $ 748 $ 1,074 $ 1,367 $ 1,314 Breakdown of Total Net Income (loss) Wealth 13 $ 181 $ 158 $ 165 $ 148 $ 154 $ 155 $ 144 $ 139 $ 146 $ 504 $ 453 $ 601 $ 566 Insurance 14 (243) 153 165 94 150 163 150 150 155 75 463 557 541 TD Ameritrade 15 69 53 47 51 56 47 55 54 48 169 158 209 207 Total Wealth and Insurance Average common equity ($ billions)4 16 $ 6.3 $ 5.9 $ 5.9 $ 6.5 $ 6.9 $ 6.6 $ 6.5 $ 5.3 $ 5.1 $ 6.0 $ 6.7 $ 6.6 $ 5.2 Economic profit (loss)4,5 17 (148) 221 229 138 195 209 190 209 221 302 594 732 795 Return on common equity4 18 0.4 % 25.2 % 25.3 % 17.9 % 20.9 % 22.5 % 21.4 % 25.9 % 27.1 % 16.6 % 21.5 % 20.7 % 25.3 % Key Performance Indicators ($ billions, except as noted) Wealth6 Risk-weighted assets7,8 19 $ 17 $ 16 $ 16 $ 9 $ 9 $ 9 $ 9 $ 9 $ 9 $ 17 $ 9 $ 9 $ 9 Assets under administration 20 279 275 270 258 249 250 245 237 238 279 249 258 237 Assets under management 9 21 246 247 211 207 204 202 196 189 191 246 204 207 189 Insurance Gross originated insurance premiums ($ millions) 22 1,049 923 807 943 989 877 763 873 928 2,779 2,629 3,572 3,326 Total Wealth and Insurance Efficiency ratio6 23 120.5 % 65.1 % 62.2 % 70.2 % 62.6 % 62.3 % 64.0 % 64.4 % 62.2 % 75.8 % 63.0 % 64.7 % 64.8 % Average number of full-time equivalent staff 24 11,661 11,751 11,583 11,839 11,981 12,003 11,898 11,831 12,014 11,664 11,961 11,930 11,984

1 Effective Q1 2012, the Insurance business was transferred from CAD P&C to Wealth and Insurance. The 2011 results have been restated accordingly. 2 During Q3 2013, the claims and related expenses were $1,140 million (Q2 2013 – $609 million; Q1 2013 – 596 million; Q4 2012 – $688 million; Q3 2012 – $645 million; Q2 2012 – $512 million; Q1 2012 – $579 million; Q4 2011 – $579 million; and Q3 2011 – $555

million). 3 The equity in net income of an investment in associate includes the net impact of internal management adjustments which are reclassified to other reporting lines in the Corporate segment. 4 Effective Q1 2012, the Bank revised its methodology for allocating capital to its business segments to align with the common equity capital requirements under Basel III at a 7% CET1 ratio. The return measures for business segments will now be return on common

equity rather than return on invested capital. These changes have been applied prospectively. Return on invested capital, which was used as the return measure in prior periods, has not been restated to return on common equity. 5 The rates charged for common equity for North American and international Wealth businesses are 9.5% and 13.0%, respectively, in both 2013 and 2012. The rates charged for common equity for the Insurance and TD Ameritrade business lines are 8.0% and 11.0%,

respectively, in both 2013 and 2012. The rates charged for invested capital for North American and international Wealth businesses were 9.5% and 13.0%, respectively, in 2011. The rates charged for invested capital for the Insurance and TD Ameritrade business lines were 8.0% and 11.0%, respectively, in 2011. 6 Excludes TD Ameritrade. 7 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 8 Prior to Q1 2012, amounts were calculated based on Canadian GAAP. 9 Includes assets under management of $29 billion in Q3 2013 (Q2 2013 – $28 billion) related to Epoch.

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U.S. Personal and Commercial Banking Segment – Canadian Dollars

RESULTS OF OPERATIONS ($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Net interest income 1 $ 1,374 $ 1,268 $ 1,102 $ 1,148 $ 1,180 $ 1,178 $ 1,157 $ 1,124 $ 1,093 $ 3,744 $ 3,515 $ 4,663 $ 4,392 Non-interest income 2 593 470 426 375 346 409 338 339 393 1,489 1,093 1,468 1,342 Total revenue 3 1,967 1,738 1,528 1,523 1,526 1,587 1,495 1,463 1,486 5,233 4,608 6,131 5,734 Provision for (reversal of) credit losses Loans 4 218 182 151 231 150 157 114 143 114 551 421 652 534 Debt securities classified as loans 5 (11) 3 3 3 3 3 3 3 3 (5) 9 12 75 Acquired credit-impaired loans1 6 16 12 22 20 22 32 41 (16) 57 50 95 115 78 Total provision for (reversal of) credit losses 7 223 197 176 254 175 192 158 130 174 596 525 779 687 Non-interest expenses 8 1,206 1,072 993 929 1,058 953 1,185 980 931 3,271 3,196 4,125 3,593 Net income before income taxes 9 538 469 359 340 293 442 152 353 381 1,366 887 1,227 1,454 Provision for (recovery of) income taxes 10 93 71 44 24 9 86 (20) 58 86 208 75 99 266 Net income – reported 11 445 398 315 316 284 356 172 295 295 1,158 812 1,128 1,188 Adjustments for items of note, net of income taxes2 12 – – 70 37 77 – 180 (1) 39 70 257 294 82 Net income – adjusted 13 $ 445 $ 398 $ 385 $ 353 $ 361 $ 356 $ 352 $ 294 $ 334 $ 1,228 $ 1,069 $ 1,422 $ 1,270 Average common equity ($ billions)3 14 $ 19.4 $ 19.1 $ 17.8 $ 17.4 $ 17.8 $ 17.6 $ 17.7 $ 16.3 $ 15.7 $ 18.8 $ 17.7 $ 17.6 $ 16.2 Economic profit (loss)3,4 15 3 (20) (18) (40) (42) (33) (48) (75) (21) (35) (123) (163) (188) Return on common equity – reported3 16 9.1 % 8.6 % 7.0 % 7.2 % 6.4 % 8.2 % 3.9 % 7.2 % 7.4 % 8.3 % 6.1 % 6.4 % 7.3 % Return on common equity – adjusted3 17 9.1 % 8.6 % 8.6 % 8.1 % 8.1 % 8.2 % 7.9 % 7.2 % 8.5 % 8.8 % 8.1 % 8.1 % 7.8 % Key Performance Indicators ($ billions, except as noted) Risk-weighted assets5,6 18 $ 130 $ 128 $ 121 $ 111 $ 108 $ 101 $ 100 $ 98 $ 92 $ 130 $ 108 $ 111 $ 98 Average loans – personal Residential mortgages 19 20.6 19.7 18.3 17.1 16.4 14.9 14.0 12.7 11.5 19.5 15.1 15.6 11.5 Consumer instalment and other personal HELOC 20 10.6 10.5 10.3 10.1 10.3 9.9 10.2 9.6 9.1 10.5 10.1 10.1 9.1 Indirect Auto 21 15.8 14.9 14.0 13.2 12.7 11.4 11.1 10.2 9.8 14.9 11.7 12.1 7.3 Other 22 7.6 4.7 1.6 1.7 1.7 1.6 1.7 1.8 1.8 4.6 1.7 1.7 2.0 Total average loans – personal 23 54.6 49.8 44.2 42.1 41.1 37.8 37.0 34.3 32.2 49.5 38.6 39.5 29.9 Average loans and acceptances – business 24 51.1 49.9 48.0 46.8 47.1 44.8 44.9 43.2 41.2 49.7 45.6 45.9 41.8 Average debt securities classified as loans 25 2.9 3.2 2.8 3.1 3.4 3.5 3.8 4.0 4.0 3.0 3.6 3.4 4.3 Average deposits Personal 26 65.6 64.2 60.0 58.2 59.6 57.1 56.0 53.7 51.8 63.2 57.6 57.7 52.3 Business 27 54.4 52.9 50.9 50.5 51.0 49.4 50.4 49.9 46.0 52.7 50.3 50.4 47.0 TD Ameritrade insured deposit accounts 28 72.8 68.2 65.4 61.4 61.0 58.0 60.8 56.7 48.1 68.8 59.9 60.3 49.3 Margin on average earning assets (TEB)7 29 3.80 % 3.67 % 3.28 % 3.48 % 3.59 % 3.74 % 3.61 % 3.60 % 3.70 % 3.58 % 3.65 % 3.60 % 3.73 % Efficiency ratio – reported 30 61.3 % 61.7 % 65.0 % 61.0 % 69.3 % 60.1 % 79.3 % 67.0 % 62.7 % 62.5 % 69.4 % 67.3 % 62.7 % Non-interest expenses – adjusted ($ millions) 31 1,206 1,072 896 922 930 953 889 970 866 3,174 2,772 3,694 3,451 Efficiency ratio – adjusted 32 61.3 % 61.7 % 58.6 % 60.5 % 60.9 % 60.1 % 59.5 % 66.3 % 58.3 % 60.7 % 60.2 % 60.2 % 60.2 % Number of U.S. retail stores as at period end8 33 1,312 1,310 1,325 1,315 1,299 1,288 1,284 1,281 1,283 1,312 1,299 1,315 1,281 Average number of full-time equivalent staff 34 24,811 24,668 25,202 25,304 24,972 24,733 25,092 25,387 25,033 24,896 24,934 25,027 24,193

1 Includes all Federal Deposit Insurance Corporation (FDIC) covered loans and other ACI loans. 2 Items of note relate primarily to integration charges and direct transaction costs recorded in connection with U.S. P&C acquisitions, litigation reserves, and the impact of Superstorm Sandy. See footnotes 4, 8 and 11 on page 58. 3 Effective Q1 2012, the Bank revised its methodology for allocating capital to its business segments to align with the common equity capital requirements under Basel III at a 7% CET1 ratio. The return measures for business segments will now be return on common equity rather than return on invested capital. These changes have been applied prospectively. Return on invested capital, which was used as the return measure in prior periods, has not been restated to return on common equity. 4 The rate charged for common equity is 9.0% in both 2013 and 2012. The rate charged for invested capital was 9.0% in 2011. 5 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 6 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 7 For calculating margin on average earning assets, TEB is included. The impact of TEB is not material. However, TEB is not included in the separate disclosure for total revenue and income taxes. 8 Includes full service retail banking stores.

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U.S. Personal and Commercial Banking Segment – U.S. Dollars

RESULTS OF OPERATIONS (US$ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Net interest income 1 $ 1,334 $ 1,244 $ 1,110 $ 1,164 $ 1,160 $ 1,185 $ 1,134 $ 1,123 $ 1,131 $ 3,688 $ 3,479 $ 4,643 $ 4,455 Non-interest income 2 575 463 429 380 340 412 331 335 405 1,467 1,083 1,463 1,363 Total revenue 3 1,909 1,707 1,539 1,544 1,500 1,597 1,465 1,458 1,536 5,155 4,562 6,106 5,818 Provision for (reversal of) credit losses Loans 4 213 178 151 234 148 157 112 143 118 542 417 651 541 Debt securities classified as loans 5 (11) 3 3 3 3 3 3 3 3 (5) 9 12 75 Acquired credit-impaired loans1 6 15 12 23 20 22 33 40 (16) 59 50 95 115 82 Total provision for (reversal of) credit losses 7 217 193 177 257 173 193 155 130 180 587 521 778 698 Non-interest expenses 8 1,170 1,052 1,001 941 1,041 959 1,166 978 963 3,223 3,166 4,107 3,643 Net income before income taxes 9 522 462 361 346 286 445 144 350 393 1,345 875 1,221 1,477 Provision for (recovery of) income taxes 10 90 70 45 25 7 87 (21) 58 89 205 73 98 272 Net income – reported 11 432 392 316 321 279 358 165 292 304 1,140 802 1,123 1,205 Adjustments for items of note, net of income taxes2 12 – – 71 37 76 – 180 (1) 41 71 256 293 84 Net income – adjusted 13 $ 432 $ 392 $ 387 $ 358 $ 355 $ 358 $ 345 $ 291 $ 345 $ 1,211 $ 1,058 $ 1,416 $ 1,289 Average common equity (US$ billions)3 14 $ 18.7 $ 18.7 $ 17.8 $ 17.6 $ 17.5 $ 17.7 $ 17.4 $ 16.3 $ 16.4 $ 18.4 $ 17.5 $ 17.5 $ 16.4 Economic profit (loss)3,4 15 4 (20) (18) (40) (42) (33) (48) (80) (25) (34) (123) (163) (187) Key Performance Indicators (US$ billions, except as noted) Risk-weighted assets5,6 16 $ 126 $ 127 $ 122 $ 111 $ 107 $ 103 $ 100 $ 98 $ 96 $ 126 $ 107 $ 111 $ 98 Average loans – personal Residential mortgages 17 20.0 19.3 18.4 17.4 16.2 15.0 13.8 12.7 11.9 19.2 15.0 15.6 11.7 Consumer instalment and other personal HELOC 18 10.3 10.3 10.3 10.2 10.1 10.0 9.9 9.4 9.4 10.3 10.0 10.0 9.2 Indirect Auto 19 15.3 14.7 14.1 13.4 12.4 11.5 10.9 10.2 10.2 14.7 11.6 12.1 7.4 Other 20 7.3 4.6 1.7 1.8 1.7 1.5 1.6 2.0 1.8 4.6 1.6 1.7 2.0 Total average loans – personal 21 52.9 48.9 44.5 42.8 40.4 38.0 36.2 34.3 33.3 48.8 38.2 39.4 30.3 Average loans and acceptances – business 22 49.6 48.9 48.4 47.4 46.3 45.1 44.0 43.1 42.6 49.0 45.1 45.7 42.4 Average debt securities classified as loans 23 2.8 3.1 2.8 3.1 3.3 3.5 3.7 4.0 4.2 2.9 3.5 3.4 4.4 Average deposits Personal 24 63.6 63.0 60.4 59.0 58.6 57.5 54.9 53.6 53.6 62.4 57.0 57.5 53.0 Business 25 52.8 52.0 51.2 51.3 50.1 49.6 49.4 49.8 47.5 52.0 49.7 50.1 47.7 TD Ameritrade insured deposit accounts 26 70.6 67.0 65.9 62.2 60.0 58.3 59.5 56.6 49.8 67.8 59.3 60.0 49.9 Non-interest expenses – adjusted (US$ millions) 27 1,170 1,052 903 934 915 959 870 968 896 3,125 2,744 3,678 3,497

1 Includes all FDIC covered loans and other ACI loans. 2 Items of note relate primarily to integration charges and direct transaction costs recorded in connection with U.S. P&C acquisitions, litigation reserves, and the impact of Superstorm Sandy. See footnotes 4, 8 and 11 on page 58. 3 Effective Q1 2012, the Bank revised its methodology for allocating capital to its business segments to align with the common equity capital requirements under Basel III at a 7% CET1 ratio. The return measures for business segments will now be return on common equity rather than return on invested capital. These changes have been applied prospectively. Return on invested capital, which was used as the return measure in prior periods, has not been restated to return on common equity. 4 The rate charged for common equity is 9.0% in both 2013 and 2012. The rate charged for invested capital was 9.0% in 2011. 5 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 6 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP.

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Wholesale Banking Segment RESULTS OF OPERATIONS ($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Net interest income (TEB) 1 $ 505 $ 485 $ 483 $ 481 $ 447 $ 434 $ 443 $ 444 $ 432 $ 1,473 $ 1,324 $ 1,805 $ 1,659 Non-interest income 2 58 158 116 244 191 174 240 282 27 332 605 849 837 Total revenue 3 563 643 599 725 638 608 683 726 459 1,805 1,929 2,654 2,496 Provision for credit losses1 4 23 3 (5) 8 21 6 12 3 6 21 39 47 22 Non-interest expenses 5 351 375 393 374 406 384 406 395 330 1,119 1,196 1,570 1,468 Net income before income taxes 6 189 265 211 343 211 218 265 328 123 665 694 1,037 1,006 Income taxes (TEB) 7 42 45 52 34 31 21 71 48 11 139 123 157 191 Net income (loss) – reported 8 147 220 159 309 180 197 194 280 112 526 571 880 815 Net income (loss) – adjusted 9 $ 147 $ 220 $ 159 $ 309 $ 180 $ 197 $ 194 $ 280 $ 112 $ 526 $ 571 $ 880 $ 815 Average common equity ($ billions)2 10 $ 4.1 $ 4.3 $ 4.2 $ 4.1 $ 4.3 $ 4.1 $ 4.1 $ 3.5 $ 3.4 $ 4.2 $ 4.2 $ 4.1 $ 3.4 Economic profit (loss)2,3 11 32 104 44 195 64 84 83 175 12 180 231 426 414 Return on common equity2 12 14.3 % 20.9 % 15.0 % 30.3 % 16.7 % 19.5 % 18.7 % 31.5 % 13.1 % 16.7 % 18.3 % 21.2 % 24.3 % Key Performance Indicators ($ billions, except as noted) Risk-weighted assets4,5 13 $ 46 $ 49 $ 50 $ 43 $ 48 $ 48 $ 51 $ 35 $ 32 $ 46 $ 48 $ 43 $ 35 Gross drawn6 14 9 9 8 8 7 8 8 8 8 9 7 8 8 Efficiency ratio 15 62.3 % 58.3 % 65.6 % 51.6 % 63.6 % 63.2 % 59.4 % 54.4 % 71.9 % 62.0 % 62.0 % 59.2 % 58.8 % Average number of full-time equivalent staff 16 3,592 3,549 3,470 3,545 3,588 3,540 3,538 3,626 3,612 3,537 3,555 3,553 3,517 Trading-Related Income (Loss) (TEB)7 Interest rate and credit 17 $ 101 $ 166 $ 119 $ 107 $ 127 $ 96 $ 201 $ 31 $ (22) $ 386 $ 424 $ 531 $ 281 Foreign exchange 18 92 93 91 96 78 105 95 131 67 276 278 374 428 Equity and other 19 91 94 81 113 155 77 84 121 68 266 316 429 360 Total trading-related income (loss) 20 $ 284 $ 353 $ 291 $ 316 $ 360 $ 278 $ 380 $ 283 $ 113 $ 928 $ 1,018 $ 1,334 $ 1,069

1 Includes the cost of credit protection incurred in hedging the lending portfolio. 2 Effective Q1 2012, the Bank revised its methodology for allocating capital to its business segments to align with the common equity capital requirements under Basel III inclusive of CVA capital at a 7% CET1 ratio. The return measures for business segments will now be return on common equity rather than return on invested capital. These changes have been applied prospectively. Return on invested capital, which was used as the return measure in prior periods, has not been restated to return on common equity. 3 The rate charged for common equity is 11% in both 2013 and 2012. The rate charged for invested capital was 12.0% in 2011. 4 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework excluding CVA capital in accordance with OSFI guidance, and are presented based on the “all-in” methodology. In 2012, amounts were calculated in accordance with the Basel II regulatory framework inclusive of Market Risk Amendments. Prior to 2012, amounts were calculated in accordance with the Basel II regulatory framework. 5 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 6 Includes gross loans and bankers' acceptances, excluding letters of credit and before any cash collateral, CDS, reserves, etc., for the corporate lending business. 7 Includes trading-related income reported in net interest income and non-interest income.

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Corporate Segment

RESULTS OF OPERATIONS ($ millions) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Net interest income (loss)1,2 1 $ (3) $ (1) $ 55 $ (5) $ (13) $ (43) $ 13 $ (12) $ 16 $ 51 $ (43) $ (48) $ (122) Non-interest income2 2 7 (136) (11) (66) (49) (53) (118) (14) (31) (140) (220) (286) (18) Total revenue 3 4 (137) 44 (71) (62) (96) (105) (26) (15) (89) (263) (334) (140) Provision for credit losses2 4 15 (28) (30) (3) (46) (84) (49) (5) (5) (43) (179) (182) (43) Non-interest expenses 5 215 202 213 284 116 156 159 251 199 630 431 715 937 Net income (loss) before income taxes and equity in net income of an investment in associate 6 (226) (311) (139) (352) (132) (168) (215) (272) (209) (676) (515) (867) (1,034) Provision for (recovery of) income taxes1 7 (175) (201) (146) (219) (141) (128) (146) (179) (137) (522) (415) (634) (672) Equity in net income of an investment in associate, net of income taxes 8 6 4 12 6 6 7 6 10 11 22 19 25 39 Net income (loss) – reported 9 (45) (106) 19 (127) 15 (33) (63) (83) (61) (132) (81) (208) (323) Adjustments for items of note, net of income taxes3 10 37 80 32 98 15 13 80 68 106 149 108 206 305 Net income (loss) – adjusted 11 $ (8) $ (26) $ 51 $ (29) $ 30 $ (20) $ 17 $ (15) $ 45 $ 17 $ 27 $ (2) $ (18) Decomposition of Adjustments for Items of Note, Net of Income Taxes3 Amortization of intangibles (Footnote 2) 12 $ 59 $ 58 $ 56 $ 60 $ 59 $ 59 $ 60 $ 95 $ 94 $ 173 $ 178 $ 238 $ 391 Fair value of derivatives hedging the reclassified available-for-sale securities portfolio (Footnote 3) 13 (70) 22 (24) 35 – 9 45 (37) (9) (72) 54 89 (128) Fair value of credit default swaps hedging the corporate loan book, net of provision for credit losses (Footnote 5) 14 – – – – (2) 1 1 (9) (5) – – – (13) Integration charges, direct transaction costs, and changes in fair value of contingent consideration relating to the Chrysler Financial acquisition (Footnote 6) 15 – – – 3 6 3 5 19 26 – 14 17 55 Reduction of allowance for incurred but not identified credit losses (Footnote 9) 16 – – – – (30) (59) (31) – – – (120) (120) – Positive impact due to changes in statutory income tax rates (Footnote 10) 17 – – – – (18) – – – – – (18) (18) – Impact of Alberta flood on the loan portfolio (Footnote 12) 18 48 – – – – – – – – 48 – – – Total adjustments for items of note 19 $ 37 $ 80 $ 32 $ 98 $ 15 $ 13 $ 80 $ 68 $ 106 $ 149 $ 108 $ 206 $ 305 Decomposition of Items included in Net Income (Loss) – Adjusted Net corporate expenses 20 $ (118) $ (116) $ (134) $ (191) $ (55) $ (95) $ (92) $ (97) $ (70) $ (368) $ (242) $ (433) $ (367) Other 21 84 64 159 136 59 49 83 56 88 307 191 327 245 Non-controlling interests 22 26 26 26 26 26 26 26 26 27 78 78 104 104 Net income (loss) – adjusted 23 $ (8) $ (26) $ 51 $ (29) $ 30 $ (20) $ 17 $ (15) $ 45 $ 17 $ 27 $ (2) $ (18)

1 Includes the elimination of TEB adjustments reported in Wholesale Banking results. 2 Operating segment results are presented excluding the impact of asset securitization programs, which are reclassified in the Corporate segment. 3 For detailed footnotes to the items of note, see page 58.

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Net Interest Income and Margin

($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Interest Income Loans 1 $ 4,769 $ 4,476 $ 4,476 $ 4,558 $ 4,562 $ 4,419 $ 4,412 $ 4,336 $ 4,326 $ 13,721 $ 13,393 $ 17,951 $ 17,010 Securities 2 995 966 1,036 1,042 1,068 1,046 1,043 907 903 2,997 3,157 4,199 3,530 Deposits with banks 3 21 26 20 22 19 18 29 80 89 67 66 88 369 Total interest income 4 5,785 5,468 5,532 5,622 5,649 5,483 5,484 5,323 5,318 16,785 16,616 22,238 20,909 Interest Expense Deposits 5 1,078 1,025 1,119 1,163 1,182 1,152 1,173 1,135 1,095 3,222 3,507 4,670 4,466 Securitization liabilities 6 233 225 239 243 260 261 262 284 320 697 783 1,026 1,235 Subordinated notes and debentures 7 110 115 117 152 153 153 154 160 162 342 460 612 663 Preferred shares and capital trust securities 8 38 37 41 44 44 43 43 61 50 116 130 174 208 Other 9 180 164 170 178 193 194 165 151 177 514 552 730 676 Total interest expense 10 1,639 1,566 1,686 1,780 1,832 1,803 1,797 1,791 1,804 4,891 5,432 7,212 7,248 Net Interest Income (NII) 11 4,146 3,902 3,846 3,842 3,817 3,680 3,687 3,532 3,514 11,894 11,184 15,026 13,661 TEB adjustment 12 80 77 75 112 71 74 70 94 67 232 215 327 311 Net Interest Income (TEB) 13 $ 4,226 $ 3,979 $ 3,921 $ 3,954 $ 3,888 $ 3,754 $ 3,757 $ 3,626 $ 3,581 $ 12,126 $ 11,399 $ 15,353 $ 13,972 Average total assets ($ billions) 14 $ 855 $ 846 $ 828 $ 807 $ 805 $ 783 $ 779 $ 748 $ 696 $ 843 $ 789 $ 793 $ 697 Average earning assets ($ billions) 15 742 723 710 689 681 667 660 625 598 725 669 674 593 Net interest margin as a % of average earning assets 16 2.22 % 2.21 % 2.15 % 2.22 % 2.23 % 2.25 % 2.22 % 2.24 % 2.33 % 2.19 % 2.23 % 2.23 % 2.30 % Impact on Net Interest Income due to Impaired Loans Net interest income recognized on impaired debt securities classified as loans 17 $ (28) $ (35) $ (24) $ (24) $ (29) $ (32) $ (36) $ (32) $ (34) $ (87) $ (97) $ (121) $ (189) Net interest income foregone on impaired loans 18 25 26 26 27 25 26 27 27 27 77 78 105 111 Recoveries 19 (2) (1) (1) (1) (1) – (2) (1) (8) (4) (3) (4) (11) Total 20 $ (5) $ (10) $ 1 $ 2 $ (5) $ (6) $ (11) $ (6) $ (15) $ (14) $ (22) $ (20) $ (89)

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Non-Interest Income

($ millions) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Investment and Securities Services TD Waterhouse fees and commissions 1 $ 96 $ 93 $ 97 $ 93 $ 89 $ 103 $ 99 $ 119 $ 101 $ 286 $ 291 $ 384 $ 459 Full-service brokerage and other securities services 2 156 153 148 136 143 142 141 148 156 457 426 562 631 Underwriting and advisory 3 89 93 99 108 107 123 99 70 101 281 329 437 378 Investment management fees 4 87 93 56 63 58 66 54 65 51 236 178 241 215 Mutual fund management 5 295 277 268 260 251 247 239 233 243 840 737 997 941 Total investment and securities services 6 723 709 668 660 648 681 632 635 652 2,100 1,961 2,621 2,624 Credit fees 7 202 189 203 185 188 191 181 176 169 594 560 745 671 Net securities gains (losses) 8 32 107 130 178 36 120 39 201 107 269 195 373 393 Trading income (loss) 9 (107) (36) (80) (66) 27 (45) 43 (55) (200) (223) 25 (41) (127) Service charges 10 485 440 454 453 456 425 441 437 398 1,379 1,322 1,775 1,602 Card services 11 368 320 271 274 270 249 246 257 258 959 765 1,039 959 Insurance revenue (loss), net of claims and related expenses1 12 (198) 294 325 232 270 330 281 308 296 421 881 1,113 1,167 Trust fees 13 37 40 35 34 39 40 36 36 39 112 115 149 154 Other income Foreign exchange – non-trading 14 61 62 49 53 67 36 31 43 40 172 134 187 166 Income (loss) from financial instruments designated at fair value through profit or loss Trading-related income (loss)2 15 (13) 11 (7) 7 24 (33) 16 2 4 (9) 7 14 12 Related to insurance subsidiaries1 16 (40) 10 (5) (6) 18 (17) 10 9 18 (35) 11 5 (2) Securitization liabilities 17 40 6 36 15 (59) 135 (23) (139) (227) 82 53 68 (222) Loan commitments 18 (163) (6) (26) (11) 2 (71) (12) (17) 9 (195) (81) (92) (94) Other3, 4 19 372 (48) 72 39 38 29 34 238 307 396 101 140 698 Total other income (loss) 20 257 35 119 97 90 79 56 136 151 411 225 322 558 Total non-interest income 21 $ 1,799 $ 2,098 $ 2,125 $ 2,047 $ 2,024 $ 2,070 $ 1,955 $ 2,131 $ 1,870 $ 6,022 $ 6,049 $ 8,096 $ 8,001

1 The results of the Bank’s Insurance business within Wealth and Insurance include both insurance revenue, net of claims and related expenses and the income from investments that fund policy liabilities which are designated at fair value through profit or loss within the Bank’s property and casualty insurance subsidiaries. 2 Includes $(11) million for Q3 2013 (Q2 2013 – $11 million; Q1 2013 – $(5) million; Q4 2012 – $7 million; Q3 2012 – $23 million; Q2 2012 – $(34) million; Q1 2012 – $13 million; Q4 2011 – $8 million; and Q3 2011 – $6 million) related to securities designated at fair value through profit or loss which have been combined with derivatives to form economic hedging relationships. 3 Includes changes in fair value of CDS hedging the corporate loan book and a substantial portion of change in fair value of derivatives hedging the reclassified available-for-sale (AFS) securities portfolio. 4 Includes gains on the sale of debt securities classified as loans reported in the U.S. Personal and Commercial Banking segment.

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Non-Interest Expenses

($ millions) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Salaries and Employee Benefits Salaries 1 $ 1,223 $ 1,145 $ 1,154 $ 1,218 $ 1,167 $ 1,150 $ 1,112 $ 1,163 $ 1,099 $ 3,522 $ 3,429 $ 4,647 $ 4,319 Incentive compensation 2 397 417 408 375 372 405 409 357 329 1,222 1,186 1,561 1,448 Pension and other employee benefits 3 296 322 332 244 252 274 263 222 239 950 789 1,033 962 Total salaries and employee benefits 4 1,916 1,884 1,894 1,837 1,791 1,829 1,784 1,742 1,667 5,694 5,404 7,241 6,729 Occupancy Rent 5 193 189 180 181 179 174 170 170 162 562 523 704 659 Depreciation 6 82 82 82 86 81 79 78 80 73 246 238 324 306 Other 7 82 93 89 88 88 89 81 91 77 264 258 346 320 Total occupancy 8 357 364 351 355 348 342 329 341 312 1,072 1,019 1,374 1,285 Equipment Rent 9 55 54 54 57 53 50 50 54 53 163 153 210 218 Depreciation 10 49 47 46 44 42 42 56 46 33 142 140 184 161 Other 11 108 104 105 127 99 103 102 113 102 317 304 431 422 Total equipment 12 212 205 205 228 194 195 208 213 188 622 597 825 801 Amortization of Other Intangibles Software 13 57 57 52 64 45 51 40 54 43 166 136 200 161 Other 14 69 67 66 69 68 70 70 123 120 202 208 277 496 Total amortization of other intangibles 15 126 124 118 133 113 121 110 177 163 368 344 477 657 Marketing and Business Development 16 171 171 149 221 157 164 126 203 137 491 447 668 593 Brokerage-Related Fees 17 79 83 76 71 72 77 76 77 78 238 225 296 320 Professional and Advisory Services 18 247 254 208 311 215 177 222 267 230 709 614 925 944 Communications 19 73 68 70 71 70 69 72 73 69 211 211 282 271 Other Expenses Capital and business taxes 20 43 40 36 41 41 36 31 34 54 119 108 149 154 Postage 21 50 54 46 49 46 54 47 45 42 150 147 196 177 Travel and relocation 22 46 47 43 45 46 42 42 45 47 136 130 175 172 Other 23 444 332 299 244 378 266 502 271 219 1,075 1,146 1,390 944 Total other expenses 24 583 473 424 379 511 398 622 395 362 1,480 1,531 1,910 1,447 Total non-interest expenses 25 $ 3,764 $ 3,626 $ 3,495 $ 3,606 $ 3,471 $ 3,372 $ 3,549 $ 3,488 $ 3,206 $ 10,885 $ 10,392 $ 13,998 $ 13,047

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Balance Sheet

($ millions) LINE 2013 2012 2011 As at # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 ASSETS Cash and due from banks 1 $ 3,067 $ 3,042 $ 3,136 $ 3,436 $ 2,989 $ 3,087 $ 2,870 $ 3,096 $ 2,899 Interest-bearing deposits with banks 2 21,754 19,751 30,337 21,692 17,260 18,276 13,006 21,016 17,541 Trading loans, securities, and other1 3 96,794 94,614 97,835 94,531 89,851 85,001 84,586 73,353 69,158 Derivatives 4 49,846 60,402 59,640 60,919 66,786 55,772 66,166 59,845 51,538 Financial assets designated at fair value through profit or loss 5 6,153 6,113 6,283 6,173 5,871 5,511 5,512 4,236 2,794 Available-for-sale securities 6 90,315 81,077 88,715 98,576 96,294 89,996 97,435 93,520 86,791 7 243,108 242,206 252,473 260,199 258,802 236,280 253,699 230,954 210,281 Held-to-maturity securities 8 16,434 12,851 – – – – – – – Securities purchased under reverse repurchase agreements 9 64,030 68,546 66,052 69,198 70,376 71,592 69,619 56,981 68,155 Loans Residential mortgages2 10 181,510 176,564 174,069 172,172 167,668 161,698 158,408 155,471 149,983 Consumer instalment and other personal HELOC 11 73,027 73,526 74,302 75,065 75,149 75,231 75,130 75,396 75,123 Indirect Auto 12 30,568 29,051 28,228 27,667 26,938 25,298 24,676 24,032 23,151 Other 13 15,665 15,716 15,324 15,195 15,485 15,886 16,105 15,961 16,129 Credit card 14 21,503 20,837 15,442 15,358 15,361 15,430 15,750 8,986 9,208 Business and government2 15 110,244 110,624 104,865 101,041 101,787 97,369 97,726 93,144 87,030 Debt securities classified as loans 16 4,114 5,099 4,936 4,994 5,334 5,818 6,237 6,511 6,189 17 436,631 431,417 417,166 411,492 407,722 396,730 394,032 379,501 366,813 Allowance for loan losses 18 (2,863) (2,737) (2,686) (2,644) (2,518) (2,394) (2,282) (2,314) (2,289) Loans, net of allowance for loan losses 19 433,768 428,680 414,480 408,848 405,204 394,336 391,750 377,187 364,524 Other Customers' liability under acceptances 20 7,936 8,829 8,352 7,223 9,437 9,421 7,606 7,815 9,293 Investment in TD Ameritrade 21 5,163 5,337 5,248 5,344 5,322 5,196 5,235 5,159 4,896 Goodwill 22 13,121 12,897 12,292 12,311 12,463 12,283 12,438 12,257 11,805 Other intangibles 23 2,490 2,472 2,212 2,217 2,174 2,189 2,274 1,844 1,813 Land, buildings, equipment, and other depreciable assets 24 4,523 4,421 4,353 4,402 4,267 4,174 4,186 4,083 4,063 Current income tax receivable 25 831 854 515 439 468 413 386 288 251 Deferred tax assets 26 1,392 663 972 883 934 1,092 1,041 1,196 1,227 Other assets 27 17,484 15,858 18,060 14,914 16,587 14,847 15,034 13,617 16,894 28 52,940 51,331 52,004 47,733 51,652 49,615 48,200 46,259 50,242 Total assets 29 $ 835,101 $ 826,407 $ 818,482 $ 811,106 $ 806,283 $ 773,186 $ 779,144 $ 735,493 $ 713,642

LIABILITIES Trading deposits 30 $ 53,750 $ 43,104 $ 44,894 $ 38,774 $ 32,563 $ 25,131 $ 26,630 $ 29,613 $ 29,894 Derivatives 31 51,751 62,636 62,580 64,997 69,784 59,772 68,269 61,715 54,857 Securitization liabilities at fair value 32 24,649 25,995 25,122 25,324 24,689 28,420 27,800 27,725 27,462 Other financial liabilities designated at fair value through profit or loss 33 57 15 25 17 33 48 25 32 24 34 130,207 131,750 132,621 129,112 127,069 113,371 122,724 119,085 112,237 Deposits Personal Non-term 35 253,729 242,713 236,166 224,457 218,195 209,854 206,552 199,493 185,003 Term 36 59,237 61,059 64,183 67,302 69,190 68,392 70,000 69,210 70,435 Banks 37 10,467 13,705 12,169 14,957 14,656 15,390 16,061 11,659 12,066 Business and government 38 184,973 183,634 180,937 181,038 183,196 176,366 177,121 169,066 158,988 39 508,406 501,111 493,455 487,754 485,237 470,002 469,734 449,428 426,492 Other Acceptances 40 7,936 8,829 8,352 7,223 9,437 9,421 7,606 7,815 9,293 Obligations related to securities sold short 41 39,865 40,023 34,209 33,435 32,070 29,763 29,835 23,617 24,132 Obligations related to securities sold under repurchase agreements 42 31,786 30,011 37,344 38,816 34,493 37,530 34,876 25,991 28,055 Securitization liabilities at amortized cost 43 25,645 25,623 25,288 26,190 25,951 26,601 25,171 26,054 27,269 Provisions 44 564 731 739 656 736 595 799 536 444 Current income tax payable 45 51 65 124 167 250 82 97 167 428 Deferred tax liabilities 46 305 355 326 327 518 459 510 574 587 Other liabilities 47 29,661 26,111 25,516 24,858 28,870 25,609 28,406 24,418 28,916 48 135,813 131,748 131,898 131,672 132,325 130,060 127,300 109,172 119,124 Subordinated notes and debentures 49 7,984 8,864 8,834 11,318 11,341 11,575 11,589 11,543 12,079 Liability for preferred shares 50 27 26 26 26 26 31 32 32 580 Liability for capital trust securities 51 1,746 1,749 1,868 2,224 2,218 2,228 2,217 2,229 2,210 Total liabilities 52 784,183 775,248 768,702 762,106 758,216 727,267 733,596 691,489 672,722

EQUITY Common shares 53 19,218 19,133 19,023 18,691 18,351 18,074 17,727 17,491 16,572 Preferred shares 54 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 Treasury shares Common 55 (144) (126) (135) (166) (178) (163) (157) (116) (104) Preferred 56 (3) – (3) (1) (1) (1) – – – Contributed surplus 57 181 190 185 196 203 200 214 212 211 Retained earnings 58 24,122 23,674 22,772 21,763 20,943 19,970 19,003 18,213 17,322 Accumulated other comprehensive income (loss) 59 2,650 3,401 3,058 3,645 3,872 2,959 3,877 3,326 2,072 60 49,419 49,667 48,295 47,523 46,585 44,434 44,059 42,521 39,468 Non-controlling interests in subsidiaries 61 1,499 1,492 1,485 1,477 1,482 1,485 1,489 1,483 1,452 Total equity 62 50,918 51,159 49,780 49,000 48,067 45,919 45,548 44,004 40,920 Total liabilities and equity 63 $ 835,101 $ 826,407 $ 818,482 $ 811,106 $ 806,283 $ 773,186 $ 779,144 $ 735,493 $ 713,642

1 Includes trading loans, trading securities and commodities. 2 Excludes loans classified as trading since the Bank intends to sell the loans immediately or in the near term.

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Unrealized Gain (Loss) on Banking Book Equities and Assets Under Administration and Management

($ millions) LINE 2013 2012 2011 As at # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Banking Book Equities Publicly traded Balance sheet and fair value 1 $ 670 $ 650 $ 581 $ 524 $ 439 $ 402 $ 384 $ 350 $ 438 Unrealized gain (loss)1 2 35 24 31 19 57 60 79 52 66 Privately held Balance sheet and fair value 3 1,610 1,643 1,633 1,616 1,623 1,625 1,655 1,716 1,777 Unrealized gain (loss)1 4 131 118 116 122 108 104 86 106 214 Total banking book equities Balance sheet and fair value 5 2,280 2,293 2,214 2,140 2,062 2,027 2,039 2,066 2,215 Unrealized gain (loss) 6 166 142 147 141 165 164 165 158 280 Assets Under Administration2 U.S. Personal and Commercial Banking 7 $ 11,893 $ 11,901 $ 11,528 $ 12,132 $ 12,354 $ 12,697 $ 13,305 $ 14,945 $ 13,741 Wealth and Insurance 8 279,172 275,433 269,583 258,409 248,543 250,354 245,469 237,239 238,467 Total 9 $ 291,065 $ 287,334 $ 281,111 $ 270,541 $ 260,897 $ 263,051 $ 258,774 $ 252,184 $ 252,208 Assets Under Management Wealth and Insurance 10 $ 246,408 $ 246,591 $ 211,193 $ 207,302 $ 203,849 $ 202,088 $ 196,232 $ 188,975 $ 190,929

1 Unrealized gain (loss) on publicly traded and privately held AFS securities are included in other comprehensive income (OCI). Unrealized gain (loss) on securities designated at fair value through profit or loss are included in the income statement. 2 Excludes mortgage-backed securities (MBS) under CAD P&C, coming back on balance sheet as mortgages due to IFRS implementation, as they no longer meet OSFI’s definition of assets under administration.

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Goodwill, Other Intangibles, and Restructuring Costs

($ millions) LINE 2013 2012 2011 Year to Date Full Year As at # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Goodwill Balance at beginning of period 1 $ 12,897 $ 12,292 $ 12,311 $ 12,463 $ 12,283 $ 12,438 $ 12,257 $ 11,805 $ 11,674 $ 12,311 $ 12,257 $ 12,257 $ 12,313 U.S. P&C related acquisitions 2 – – – (13) 19 3 (3) 6 30 – 19 6 175 MBNA acquisition 3 – – – (29) 1 1 120 – – – 122 93 – Epoch acquisition 4 – 501 – – – – – – – 501 – – – Other 5 – – – – – – (1) 1 4 – (1) (1) 5 Foreign exchange and other adjustments1 6 224 104 (19) (110) 160 (159) 65 445 97 309 66 (44) (236) Balance at end of period 7 $ 13,121 $ 12,897 $ 12,292 $ 12,311 $ 12,463 $ 12,283 $ 12,438 $ 12,257 $ 11,805 $ 13,121 $ 12,463 $ 12,311 $ 12,257 Other Intangibles2 Balance at beginning of period 8 $ 1,569 $ 1,382 $ 1,449 $ 1,493 $ 1,545 $ 1,633 $ 1,274 $ 1,346 $ 1,455 $ 1,449 $ 1,274 $ 1,274 $ 1,804 Arising during the period MBNA acquisition 9 – – – 38 – (3) 422 – – – 419 457 – Target acquisition 10 – 98 – – – – – – – 98 – – – Epoch acquisition 11 – 149 – – – – – – – 149 – – – Amortized in the period 12 (69) (67) (66) (69) (68) (70) (70) (123) (121) (202) (208) (277) (496) Foreign exchange and other adjustments1 13 31 7 (1) (13) 16 (15) 7 51 12 37 8 (5) (34) Balance at end of period 14 $ 1,531 $ 1,569 $ 1,382 $ 1,449 $ 1,493 $ 1,545 $ 1,633 $ 1,274 $ 1,346 $ 1,531 $ 1,493 $ 1,449 $ 1,274 Deferred Tax Liability on Other Intangibles Balance at beginning of period 15 $ (399) $ (356) $ (377) $ (400) $ (414) $ (441) $ (461) $ (481) $ (515) $ (377) $ (461) $ (461) $ (585) Arising during the period Epoch acquisition 16 – (60) – – – – – – – (60) – – – Recognized in the period 17 21 20 20 19 20 21 23 39 38 61 64 83 157 Foreign exchange and other adjustments 18 (8) (3) 1 4 (6) 6 (3) (19) (4) (10) (3) 1 (33) Balance at end of period 19 $ (386) $ (399) $ (356) $ (377) $ (400) $ (414) $ (441) $ (461) $ (481) $ (386) $ (400) $ (377) $ (461) Net Other Intangibles Closing Balance 20 $ 1,145 $ 1,170 $ 1,026 $ 1,072 $ 1,093 $ 1,131 $ 1,192 $ 813 $ 865 $ 1,145 $ 1,093 $ 1,072 $ 813 Total Goodwill and Net Other Intangibles Closing Balance 21 $ 14,266 $ 14,067 $ 13,318 $ 13,383 $ 13,556 $ 13,414 $ 13,630 $ 13,070 $ 12,670 $ 14,266 $ 13,556 $ 13,383 $ 13,070 Restructuring Costs Balance at beginning of period 22 $ 3 $ 4 $ 4 $ 3 $ 3 $ 4 $ 5 $ 5 $ 6 $ 4 $ 5 $ 5 $ 11 Amount utilized during the period: U.S. P&C related acquisitions 23 – (1) – – – (1) (1) – (1) (1) (2) (2) (5) Other 24 – – – – – – – – – – – – (1) Other adjustments 25 – – – 1 – – – – – – – 1 – Balance at end of period 26 $ 3 $ 3 $ 4 $ 4 $ 3 $ 3 $ 4 $ 5 $ 5 $ 3 $ 3 $ 4 $ 5

1 Includes the divestiture of the Bank's U.S. insurance business in Q4 2012. 2 Excludes the balance and amortization of software, which is otherwise included in other intangibles.

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On- and Off-Balance Sheet Loan Securitizations1

($ millions) LINE 2013 2012 2011 Year to Date Full Year As at # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Residential mortgages securitized and sold to third parties2,3,4 Balance at beginning of period 1 $ 42,344 $ 44,305 $ 44,622 $ 45,082 $ 46,058 $ 44,813 $ 44,870 $ 44,985 $ 44,932 $ 44,622 $ 44,870 $ 44,870 $ 43,794 Securitized 2 4,881 3,863 4,080 4,343 3,501 7,594 4,367 3,477 3,532 12,824 15,462 19,805 13,762 Amortization5 3 (6,532) (5,824) (4,397) (4,803) (4,477) (6,349) (4,424) (3,592) (3,479) (16,753) (15,250) (20,053) (12,686) Balance at end of period 4 40,693 42,344 44,305 44,622 45,082 46,058 44,813 44,870 44,985 40,693 45,082 44,622 44,870 Consumer instalment and other personal loans - HELOC and automobile loans6,7,8,9 Balance at beginning of period 5 5,284 5,365 5,461 5,752 6,085 6,756 7,175 8,018 9,726 5,461 7,175 7,175 6,555 Proceeds reinvested in securitizations 6 734 689 610 655 781 817 751 805 784 2,033 2,349 3,004 3,148 Additions due to acquisitions 7 – – – – – – – – – – – – 6,652 Amortization 8 (918) (770) (706) (946) (1,114) (1,488) (1,170) (1,325) (2,007) (2,394) (3,772) (4,718) (7,725) Accumulation 9 – – – – – – – (323) (485) – – – (1,455) Balance at end of period 10 5,100 5,284 5,365 5,461 5,752 6,085 6,756 7,175 8,018 5,100 5,752 5,461 7,175 Gross impaired loans10 11 19 24 25 19 18 19 21 16 21 19 58 19 16 Write-offs net of recoveries10 12 – – 1 1 3 3 6 7 4 1 12 13 11 Business and government loans2,11 Balance at beginning of period 13 2,495 2,532 2,466 2,443 2,394 2,375 2,406 2,408 2,442 2,466 2,406 2,406 2,406 Securitized 14 44 58 274 116 71 76 86 3 117 376 233 349 296 Amortization 15 (75) (95) (208) (93) (22) (57) (117) (5) (151) (378) (196) (289) (296) Balance at end of period 16 2,464 2,495 2,532 2,466 2,443 2,394 2,375 2,406 2,408 2,464 2,443 2,466 2,406 Credit card12 Balance at beginning of period 17 649 1,251 1,251 1,251 1,251 1,251 – – – 1,251 1,251 – – Proceeds reinvested in securitizations 18 269 80 775 728 730 722 439 – – 1,124 1,891 2,619 – Additions due to acquisitions 19 – – – – – – 1,251 – – – – 1,251 – Amortization 20 (377) (682) (775) (728) (730) (722) (439) – – (1,834) (1,891) (2,619) – Balance at end of period 21 $ 541 $ 649 $ 1,251 $ 1,251 $ 1,251 $ 1,251 $ 1,251 $ – $ – $ 541 $ 1,251 $ 1,251 $ – Write-offs net of recoveries10 22 $ 2 $ 10 $ 10 $ 14 $ 13 $ 8 $ 9 $ – $ – $ 22 $ 30 $ 44 $ – Total loan securitizations 23 $ 48,798 $ 50,772 $ 53,453 $ 53,800 $ 54,528 $ 55,788 $ 55,195 $ 54,451 $ 55,411 $ 48,798 $ 54,528 $ 53,800 $ 54,451 Mortgages securitized and retained2 Residential mortgages securitized and retained 24 $ 45,137 $ 41,165 $ 33,946 $ 32,132 $ 31,287 $ 31,505 $ 28,104 $ 29,151 $ 26,787 $ 45,137 $ 31,287 $ 32,132 $ 29,151 Business and government loans securitized and retained 25 – – 1 29 14 2 28 40 8 14 29 40 Closing balance 26 $ 45,137 $ 41,165 $ 33,947 $ 32,161 $ 31,301 $ 31,507 $ 28,132 $ 29,191 $ 26,795 $ 45,137 $ 31,301 $ 32,161 $ 29,191

1 Disclosure relates to securitization activity undertaken by the Bank from a capital perspective and does not contemplate accounting treatment under IFRS. 2 Balances are comprised of National Housing Act (NHA) MBS which do not qualify as securitization exposures as defined by the Basel III regulatory framework. 3 Credit exposure is not retained on residential mortgages securitized. 4 Exposures are considered sold where legal sale has occurred. Classification is not based on accounting treatment under IFRS. 5 Mark-to-market adjustments recorded during the period are included in amortization. 6 Credit exposure is not retained on $1.1 billion of HELOC securitizations which are government insured. 7 Certain HELOC and credit card structures are subject to early amortization provisions which, if triggered, would result in the repayment of the related asset backed securities from the collections of the securitized HELOC or credit card portfolio prior to the

expected principal payment dates. 8 Since inception, no capital has been assessed for the Bank's early amortization provisions associated with the sellers' interest of the Bank's sponsored HELOC securitization vehicles because the early amortization triggers have not been breached. 9 Includes automobile loans acquired as part of the Bank's acquisition of Chrysler Financial on April 1, 2011, which are recognized as securitization exposures under the Basel III regulatory framework.

10 Disclosure relates to loans qualifying as exposures securitized under the Basel III regulatory framework. The amount disclosed here is a subset of total loans included on the "Loans Managed" page. For additional information see page 22.

11 Business and government loans have been revised to include loans previously not presented as securitized.

12 Includes credit card receivables acquired as part of the Bank's acquisitions of the credit card portfolios of MBNA Canada on December 1, 2011 and Target Corporation on March 13, 2013, which are recognized as securitization exposures under the Basel III

regulatory framework.

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Standardized Charges for Securitization Exposures in the Trading Book

($ millions) LINE 2013 2013 2013 2012 As at # Q3 Q2 Q1 Q4 Gross Risk- Gross Risk- Gross Risk- Gross Risk- securitization weighted securitization weighted securitization weighted securitization weighted Market Risk Capital Approach and Risk Weighting exposures assets exposures assets exposures assets exposures assets Internal Ratings Based1 AA- and above 1 $ 254 $ 2 $ 263 $ 2 $ 296 $ 21 $ 152 $ 11 A+ to A- 2 3 – 3 – 8 1 3 – BBB+ to BBB- 3 3 – 3 – 1 1 3 2 Below BB-2 4 – – – – – – – n/a Unrated3 5 – – – – – – 67 240 Total 6 $ 260 $ 2 $ 269 $ 2 $ 305 $ 23 $ 225 $ 253 2012 2012 2012 Q3 Q2 Q1 Gross Risk- Gross Risk- Gross Risk- securitization weighted securitization weighted securitization weighted Market Risk Capital Approach and Risk Weighting exposures assets exposures assets exposures assets Internal Ratings Based1 AA- and above 7 $ 185 $ 13 $ 223 $ 8 $ 282 $ 56 A+ to A- 8 4 1 14 2 16 8 BBB+ to BBB- 9 6 4 6 4 4 4 Below BB-2 10 2 n/a 5 n/a 11 n/a Unrated3 11 76 260 73 249 68 242 Total 12 $ 273 $ 278 $ 321 $ 263 $ 381 $ 310 1 Securitization exposures subject to the market risk capital approach are comprised of securities held in the Bank’s trading book with no resecuritization exposures. 2 Effective Q1 2013 securitization exposures are no longer deducted from capital and are included in the calculation of risk-weighted assets (RWA), in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, securitization exposures were deducted from capital, in accordance with the Basel II regulatory framework. 3 Unrated gross securitization exposures include the notional value of collateralized debt obligations held by the Bank.

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Securitization Exposures in the Trading Book

($ millions) LINE 2013 2013 2013 2012

As at # Q3 Q2 Q1 Q4

Aggregate Aggregate Aggregate Aggregate Aggregate Aggregate Aggregate Aggregate

On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet

Exposure Type exposures1 exposures2 exposures1 exposures2 exposures1 exposures2 exposures1 exposures2

Collateralized debt obligations 1 $ – $ – $ – $ – $ – $ – $ – $ 67

Asset backed securities

Residential mortgage loans 2 – – – – – – 1 –

Commercial mortgage loans 3 56 – 66 – 80 – 61 –

Credit card loans 4 98 – 150 – 170 – 86 –

Automobile loans and leases 5 29 – 19 – 18 – 10 –

Other 6 77 – 34 – 37 – – –

Total 7 $ 260 $ – $ 269 $ – $ 305 $ – $ 158 $ 67

2012 2012 2012

Q3 Q2 Q1

Aggregate Aggregate Aggregate Aggregate Aggregate Aggregate

On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet

Exposure Type exposures1 exposures2 exposures1 exposures2 exposures1 exposures2

Collateralized debt obligations 8 $ – $ 78 $ – $ 78 $ – $ 79

Asset backed securities

Residential mortgage loans 9 1 – 1 – 1 –

Commercial mortgage loans 10 67 – 65 – 114 –

Credit card loans 11 119 – 176 – 158 –

Automobile loans and leases 12 8 – 1 – 14 –

Other 13 – – – – 15 –

Total 14 $ 195 $ 78 $ 243 $ 78 $ 302 $ 79

1 Primarily comprised of trading securities held by the Bank. 2 Primarily comprised of the notional value of collateralized debt obligations held by the Bank.

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Securitization Exposures in the Banking Book

($ millions) LINE 2013 2013 2013 2012

As at # Q3 Q2 Q1 Q4

Aggregate Aggregate Aggregate Aggregate Aggregate Aggregate Aggregate Aggregate

On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet

Exposure Type exposures1 exposures2 exposures1 exposures2 exposures1 exposures2 exposures1 exposures2

Collateralized mortgage obligations 1 $ 2,889 $ – $ 3,531 $ – $ 3,632 $ – $ 3,766 $ –

Asset backed securities

Residential mortgage loans 2 – 5,074 – 4,956 – 4,979 – 4,706

Personal loans 3 10,272 5,202 9,176 5,202 8,213 5,202 7,644 5,202

Credit card loans 4 13,281 – 11,881 153 11,447 153 12,819 153

Automobile loans and leases 5 3,603 2,392 2,751 2,075 3,059 2,145 3,419 2,189

Equipment loans and leases 6 1,094 – 1,131 – 855 – 1,070 –

Trade receivables 7 315 1,887 299 1,632 – 1,632 – 1,265

Other Exposures3

Automobile loans and leases 8 – – – – – – 27 –

Equipment loans and leases 9 – – – – – – 15 –

Total 10 $ 31,454 $ 14,555 $ 28,769 $ 14,018 $ 27,206 $ 14,111 $ 28,760 $ 13,515

2012 2012 2012

Q3 Q2 Q1

Aggregate Aggregate Aggregate Aggregate Aggregate Aggregate

On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet On-balance sheet Off-balance sheet

Exposure Type exposures1 exposures2 exposures1 exposures2 exposures1 exposures2

Collateralized mortgage obligations 11 $ 3,922 $ – $ 3,634 $ – $ 3,872 $ –

Asset backed securities

Residential mortgage loans 12 – 4,504 – 3,562 – 3,309

Personal loans 13 8,034 5,202 7,778 5,202 7,320 5,202

Credit card loans 14 12,510 153 10,348 153 11,087 153

Automobile loans and leases 15 3,572 2,114 3,473 2,157 5,358 2,246

Equipment loans and leases 16 702 – 677 – 889 –

Trade receivables 17 – 1,276 – 1,290 – 1,304

Other Exposures3

Automobile loans and leases 18 37 – 49 – 61 –

Equipment loans and leases 19 15 – 15 – 15 –

Total 20 $ 28,792 $ 13,249 $ 25,974 $ 12,364 $ 28,602 $ 12,214

1 On-balance sheet for capital purposes, in accordance with the Basel III regulatory framework. 2 Off-balance sheet exposures are primarily comprised of liquidity facilities, credit enhancements, and letters of credit provided to the Bank's sponsored trusts, as well as Bank-funded cash collateral accounts. 3 The Bank consolidates one significant SPE, which is funded by the Bank and purchases senior tranches of securitized assets from the Bank's existing customers. These exposures are included on-balance sheet from a consolidated Bank perspective.

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Third-Party Originated Assets Securitized by Bank Sponsored Conduits

($ millions) LINE 2013 2013

As at # Q3 Q2

Outstanding exposures Gross assets Outstanding exposures Gross assets

Beginning Ending past due, but Beginning Ending past due, but

Exposure Type balance Activity balance not impaired1,2 balance Activity balance not impaired1,2

Residential mortgage loans 1 $ 4,956 $ 118 $ 5,074 $ 15 $ 4,979 $ (23) $ 4,956 $ 13

Credit card loans 2 – – – – – – – –

Automobile loans and leases 3 2,075 318 2,393 5 2,145 (70) 2,075 6

Equipment loans and leases 4 – – – – – – – –

Trade receivables 5 1,931 271 2,202 161 1,632 299 1,931 157

Total 6 $ 8,962 $ 707 $ 9,669 $ 181 $ 8,756 $ 206 $ 8,962 $ 176

2013 2012

Q1 Q4

Outstanding exposures Gross assets Outstanding exposures Gross assets

Beginning Ending past due, but Beginning Ending past due, but

Exposure Type balance Activity balance not impaired1,2 balance Activity balance not impaired1,2

Residential mortgage loans 7 $ 4,706 $ 273 $ 4,979 $ 13 $ 4,504 $ 202 $ 4,706 $ 10

Credit card loans 8 – – – – – – – –

Automobile loans and leases 9 2,216 (71) 2,145 5 2,151 65 2,216 5

Equipment loans and leases 10 15 (15) – – 15 – 15 1

Trade receivables 11 1,265 367 1,632 156 1,276 (11) 1,265 117

Total 12 $ 8,202 $ 554 $ 8,756 $ 174 $ 7,946 $ 256 $ 8,202 $ 133

2012 2012

Q3 Q2

Outstanding exposures Gross assets Outstanding exposures Gross assets

Beginning Ending past due, but Beginning Ending past due, but

Exposure Type balance Activity balance not impaired1,2 balance Activity balance not impaired1,2

Residential mortgage loans 13 $ 3,562 $ 942 $ 4,504 $ 9 $ 3,310 $ 252 $ 3,562 $ 10

Credit card loans 14 – – – – – – – –

Automobile loans and leases 15 2,206 (55) 2,151 1 2,306 (100) 2,206 2

Equipment loans and leases 16 15 – 15 1 15 – 15 2

Trade receivables 17 1,290 (14) 1,276 113 1,304 (14) 1,290 121

Total 18 $ 7,073 $ 873 $ 7,946 $ 124 $ 6,935 $ 138 $ 7,073 $ 135

2012

Q1

Outstanding exposures Gross assets

Beginning Ending past due, but

Exposure Type balance Activity balance not impaired1,2

Residential mortgage loans 19 $ 2,260 $ 1,050 $ 3,310 $ 14

Credit card loans 20 153 (153) – –

Automobile loans and leases 21 2,247 59 2,306 3

Equipment loans and leases 22 37 (22) 15 1

Trade receivables 23 1,318 (14) 1,304 117

Total 24 $ 6,015 $ 920 $ 6,935 $ 135

1 Gross assets past due, but not impaired, are those assets held by the trust which have not received a payment in a specified number of days, as defined in the legal agreements governing each specific transaction between the Bank and its service providers. None of the Bank's sponsored trusts held impaired assets at any time during the period disclosed. The Bank retains no direct exposure to the assets of the trust. In addition, a significant portion of the Bank's exposures are subject to credit risk mitigation, including credit enhancements which reduce the Bank's exposure to loss due to impaired assets held by the sponsored trusts. 2 Gross assets past due, but not impaired, are reported to the Bank by its service providers on a one-month lag.

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Loans Managed1,2,3,4

($ millions) LINE 2013 2013 2013 2012 As at # Q3 Q2 Q1 Q4 Year-to-date Year-to-date Year-to-date Year-to-date Gross write-offs, Gross write-offs, Gross write-offs, Gross write-offs, Gross Impaired net of Gross Impaired net of Gross Impaired net of Gross Impaired net of Type of Loan5 Loans Loans recoveries Loans Loans recoveries Loans Loans recoveries Loans Loans recoveries Residential mortgages1 1 $ 182,688 $ 684 $ 27 $ 177,049 $ 704 $ 18 $ 174,191 $ 705 $ 8 $ 172,339 $ 679 $ 41 Consumer instalment and other personal 2 118,937 705 477 117,915 702 336 117,402 701 179 117,381 673 660 Credit card 3 21,446 274 439 20,744 198 289 15,421 189 140 15,333 181 572 Business and government1,6 4 110,757 1,001 162 110,917 950 119 104,948 899 64 100,842 985 411 Total loans managed 5 433,828 2,664 1,105 426,625 2,554 762 411,962 2,494 391 405,895 2,518 1,684 Less: Loans securitized and sold to third parties Residential mortgages5,7 6 1,684 – – 1,008 – – 657 – – 730 – – Business and government 7 2,433 – – 2,463 – – 2,500 – – 2,434 – – Total loans securitized and sold to third parties 8 4,117 – – 3,471 – – 3,157 – – 3,164 – – Total loans managed, net of loans securitized 9 $ 429,711 $ 2,664 $ 1,105 $ 423,154 $ 2,554 $ 762 $ 408,805 $ 2,494 $ 391 $ 402,731 $ 2,518 $ 1,684 2012 2012 2012 2011 Q3 Q2 Q1 Q4 Year-to-date Year-to-date Year-to-date Year-to-date Gross write-offs, Gross write-offs, Gross write-offs, Gross write-offs, Gross impaired net of Gross Impaired net of Gross Impaired net of Gross impaired net of Type of Loan5 loans loans recoveries Loans Loans recoveries Loans Loans recoveries loans loans recoveries Residential mortgages1 10 $ 167,870 $ 649 $ 23 $ 161,949 $ 722 $ 15 $ 158,719 $ 796 $ 7 $ 155,850 $ 789 $ 28 Consumer instalment and other personal 11 116,903 489 461 115,628 406 298 114,951 434 161 114,374 415 588 Credit card 12 15,352 179 402 15,413 180 235 15,725 132 103 8,986 85 372 Business and government1,6 13 101,195 1,050 310 96,307 1,055 242 96,352 1,168 138 91,637 1,204 377 Total loans managed 14 401,320 2,367 1,196 389,297 2,363 790 385,747 2,530 409 370,847 2,493 1,365 Less: Loans securitized and sold to third parties Residential mortgages5,7 15 805 – – 873 – – 972 – – 1,058 – – Business and government 16 2,410 – – 2,361 – – 2,341 – – 2,359 – – Total loans securitized and sold to third parties 17 3,215 – – 3,234 – – 3,313 – – 3,417 – – Total loans managed, net of loans securitized 18 $ 398,105 $ 2,367 $ 1,196 $ 386,063 $ 2,363 $ 790 $ 382,434 $ 2,530 $ 409 $ 367,430 $ 2,493 $ 1,365 2011 Q3 Year-to-date Gross write-offs, Gross impaired net of Type of Loan5 loans loans recoveries Residential mortgages1 19 $ 150,347 $ 763 $ 20 Consumer instalment and other personal 20 113,264 401 428 Credit card 21 9,208 80 286 Business and government1,6 22 85,549 1,188 271 Total loans managed 23 358,368 2,432 1,005 Less: Loans securitized and sold to third parties Residential mortgages5,7 24 1,038 – – Business and government 25 2,407 – – Total loans securitized and sold to third parties 26 3,445 – – Total loans managed, net of loans securitized 27 $ 354,923 $ 2,432 $ 1,005 1 Excludes loans classified as trading as the Bank intends to sell the loans immediately or in the near term, and loans designated at fair value through profit or loss for which no allowance is recorded. 2 Excludes ACI loans and debt securities classified as loans. 3 Amounts include securitized mortgages that remain on balance sheet under IFRS. 4 The year-to-date write-offs, net of recoveries, include write-offs of purchased credit card balances against credit related fair value adjustments, established upon acquisition. 5 Certain comparative amounts have been reclassified to conform with the current period presentation. 6 Includes additional securitized commercial loans. 7 Residential mortgages are primarily comprised of loans securitized into Federal National Mortgage Association mortgage-backed securities.

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Gross Loans and Acceptances by Industry Sector and Geographic Location1

($ millions, except as noted) LINE 2013 2013 2013 As at # Q3 Q2 Q1 By Industry Sector United United United Personal Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Residential mortgages2 1 $ 160,632 $ 20,372 $ – $ 181,004 $ 156,749 $ 19,292 $ – $ 176,041 $ 155,030 $ 18,504 $ – $ 173,534 Consumer instalment and other personal HELOC 2 62,436 10,426 – 72,862 63,113 10,241 – 73,354 63,990 10,132 – 74,122 Indirect Auto 3 14,504 15,988 – 30,492 14,041 14,895 – 28,936 13,830 14,229 – 28,059 Other 4 15,054 519 10 15,583 15,134 481 10 15,625 14,741 470 10 15,221 Credit card 5 14,745 6,701 – 21,446 14,351 6,393 – 20,744 14,260 1,161 – 15,421 Total personal 6 267,371 54,006 10 321,387 263,388 51,302 10 314,700 261,851 44,496 10 306,357 Business and Government2 Real estate Residential 7 13,501 3,341 – 16,842 13,123 3,176 – 16,299 12,833 3,112 – 15,945 Non-residential 8 8,150 11,828 156 20,134 8,071 11,398 156 19,625 7,608 11,232 158 18,998 Total real estate 9 21,651 15,169 156 36,976 21,194 14,574 156 35,924 20,441 14,344 158 34,943 Agriculture 10 3,733 277 – 4,010 3,540 273 – 3,813 3,460 285 – 3,745 Automotive 11 2,258 1,697 32 3,987 2,165 1,629 – 3,794 1,651 1,554 – 3,205 Financial 12 7,512 2,052 1,535 11,099 8,559 2,101 2,097 12,757 6,881 1,988 2,031 10,900 Food, beverage, and tobacco 13 1,220 1,565 57 2,842 1,231 1,437 65 2,733 1,262 1,395 52 2,709 Forestry 14 445 479 7 931 470 399 6 875 399 413 6 818 Government, public sector entities, and education 15 4,127 3,975 – 8,102 7,091 3,693 – 10,784 5,720 3,395 – 9,115 Health and social services 16 3,650 5,455 – 9,105 3,469 5,277 – 8,746 3,479 5,038 – 8,517 Industrial construction and trade contractors 17 1,625 1,206 – 2,831 1,529 1,176 – 2,705 1,453 1,110 – 2,563 Metals and mining 18 900 1,039 – 1,939 995 1,019 23 2,037 751 981 21 1,753 Pipelines, oil, and gas 19 2,082 607 – 2,689 2,122 636 – 2,758 2,127 983 – 3,110 Power and utilities 20 1,467 1,381 20 2,868 1,287 1,354 20 2,661 1,350 1,134 20 2,504 Professional and other services 21 2,662 5,279 – 7,941 2,697 5,171 – 7,868 2,567 4,819 – 7,386 Retail sector 22 2,094 2,428 – 4,522 2,075 2,458 – 4,533 2,013 2,272 – 4,285 Sundry manufacturing and wholesale 23 1,852 3,314 – 5,166 1,832 3,364 – 5,196 1,707 3,072 50 4,829 Telecommunications, cable, and media 24 1,032 1,513 111 2,656 922 1,440 7 2,369 1,027 1,473 8 2,508 Transportation 25 660 4,518 15 5,193 627 3,788 43 4,458 612 3,756 27 4,395 Other 26 2,648 669 86 3,403 2,681 540 51 3,272 2,677 713 125 3,515 Total business and government 27 61,618 52,623 2,019 116,260 64,486 50,329 2,468 117,283 59,577 48,725 2,498 110,800 Other Loans Debt securities classified as loans 28 360 2,613 1,141 4,114 607 3,338 1,154 5,099 602 3,111 1,223 4,936 Acquired credit-impaired loans3 29 36 2,770 – 2,806 48 3,116 – 3,164 61 3,364 – 3,425 Total other loans 30 396 5,383 1,141 6,920 655 6,454 1,154 8,263 663 6,475 1,223 8,361 Total Gross Loans and Acceptances 31 $ 329,385 $ 112,012 $ 3,170 $ 444,567 $ 328,529 $ 108,085 $ 3,632 $ 440,246 $ 322,091 $ 99,696 $ 3,731 $ 425,518

Portfolio as a % of Total Gross Loans and Acceptances Personal Residential mortgages2 32 36.0 % 4.6 % – % 40.6 % 35.6 % 4.4 % – % 40.0 % 36.4 % 4.4 % – % 40.8 % Consumer instalment and other personal HELOC 33 14.1 2.3 – 16.4 14.3 2.3 – 16.6 15.0 2.4 – 17.4 Indirect Auto 34 3.3 3.6 – 6.9 3.2 3.4 – 6.6 3.3 3.3 – 6.6 Other 35 3.4 0.1 – 3.5 3.4 0.1 – 3.5 3.5 0.1 – 3.6 Credit card 36 3.3 1.5 – 4.8 3.3 1.5 – 4.8 3.3 0.3 – 3.6 Total personal 37 60.1 12.1 – 72.2 59.8 11.7 – 71.5 61.5 10.5 – 72.0 Business and Government2 38 13.9 11.8 0.5 26.2 14.7 11.3 0.6 26.6 14.0 11.4 0.6 26.0 Other Loans Debt securities classified as loans 39 0.1 0.6 0.3 1.0 0.1 0.8 0.3 1.2 0.1 0.8 0.3 1.2 Acquired credit-impaired loans3 40 – 0.6 – 0.6 – 0.7 – 0.7 – 0.8 – 0.8 Total other loans 41 0.1 1.2 0.3 1.6 0.1 1.5 0.3 1.9 0.1 1.6 0.3 2.0 Total Gross Loans and Acceptances 42 74.1 % 25.1 % 0.8 % 100.0 % 74.6 % 24.5 % 0.9 % 100.0 % 75.6 % 23.5 % 0.9 % 100.0 % 1 Based on geographic location of unit responsible for recording revenue. 2 Excludes loans classified as trading as the Bank intends to sell the loans immediately or in the near term, and loans designated at fair value through profit or loss for which no allowance is recorded. 3 Includes all FDIC covered loans and other ACI loans.

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Gross Loans and Acceptances by Industry Sector and Geographic Location (Continued)1

($ millions, except as noted) LINE 2012 2012 2012 As at # Q4 Q3 Q2 By Industry Sector United United United Personal Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Residential mortgages2 1 $ 154,247 $ 17,362 $ – $ 171,609 $ 150,781 $ 16,284 $ – $ 167,065 $ 146,233 $ 14,843 $ – $ 161,076 Consumer instalment and other personal HELOC 2 64,753 10,122 – 74,875 64,972 9,995 – 74,967 65,337 9,703 – 75,040 Indirect Auto 3 13,965 13,466 – 27,431 13,961 12,656 – 26,617 13,671 11,212 – 24,883 Other 4 14,574 490 11 15,075 14,861 446 12 15,319 15,245 448 12 15,705 Credit card 5 14,236 1,097 – 15,333 14,298 1,054 – 15,352 14,431 982 – 15,413 Total personal 6 261,775 42,537 11 304,323 258,873 40,435 12 299,320 254,917 37,188 12 292,117 Business and Government2 Real estate Residential 7 12,477 3,015 – 15,492 12,059 2,983 – 15,042 11,518 3,013 – 14,531 Non-residential 8 7,252 10,831 161 18,244 6,928 10,845 167 17,940 6,705 10,479 208 17,392 Total real estate 9 19,729 13,846 161 33,736 18,987 13,828 167 32,982 18,223 13,492 208 31,923 Agriculture 10 3,238 275 – 3,513 3,143 268 – 3,411 3,022 260 7 3,289 Automotive 11 1,445 1,539 52 3,036 1,408 1,466 53 2,927 1,446 1,365 26 2,837 Financial 12 6,425 1,954 1,926 10,305 9,686 2,426 2,111 14,223 9,014 2,391 1,905 13,310 Food, beverage, and tobacco 13 1,074 1,322 74 2,470 1,032 1,342 105 2,479 1,122 1,246 225 2,593 Forestry 14 379 410 2 791 405 424 2 831 452 390 2 844 Government, public sector entities, and education 15 4,786 3,277 – 8,063 5,652 2,991 – 8,643 4,404 2,796 – 7,200 Health and social services 16 3,329 4,944 – 8,273 3,277 4,710 – 7,987 3,253 4,361 – 7,614 Industrial construction and trade contractors 17 1,496 1,092 52 2,640 1,476 1,130 56 2,662 1,405 1,132 12 2,549 Metals and mining 18 775 1,000 66 1,841 724 959 93 1,776 794 956 22 1,772 Pipelines, oil, and gas 19 2,236 831 – 3,067 2,277 855 – 3,132 1,873 833 – 2,706 Power and utilities 20 1,184 1,116 76 2,376 1,124 1,173 89 2,386 992 1,110 80 2,182 Professional and other services 21 2,406 4,381 – 6,787 2,048 4,369 7 6,424 2,059 3,896 20 5,975 Retail sector 22 1,969 2,306 – 4,275 2,000 2,284 – 4,284 2,038 2,276 – 4,314 Sundry manufacturing and wholesale 23 1,650 3,057 71 4,778 1,637 2,947 26 4,610 1,606 2,995 35 4,636 Telecommunications, cable, and media 24 1,022 1,182 5 2,209 955 1,103 79 2,137 1,095 1,150 106 2,351 Transportation 25 717 3,568 91 4,376 713 3,505 134 4,352 566 3,238 148 3,952 Other 26 1,937 1,081 77 3,095 2,140 758 78 2,976 2,640 614 66 3,320 Total business and government 27 55,797 47,181 2,653 105,631 58,684 46,538 3,000 108,222 56,004 44,501 2,862 103,367 Other Loans Debt securities classified as loans 28 604 2,898 1,492 4,994 607 3,186 1,541 5,334 599 3,370 1,849 5,818 Acquired credit-impaired loans3 29 77 3,690 – 3,767 75 4,208 – 4,283 100 4,749 – 4,849 Total other loans 30 681 6,588 1,492 8,761 682 7,394 1,541 9,617 699 8,119 1,849 10,667 Total Gross Loans and Acceptances 31 $ 318,253 $ 96,306 $ 4,156 $ 418,715 $ 318,239 $ 94,367 $ 4,553 $ 417,159 $ 311,620 $ 89,808 $ 4,723 $ 406,151

Portfolio as a % of Total Gross Loans and Acceptances Personal Residential mortgages2 32 36.8 % 4.1 % – % 40.9 % 36.1 % 3.9 % – % 40.0 % 36.0 % 3.7 % – % 39.7 % Consumer instalment and other personal HELOC 33 15.5 2.4 – 17.9 15.6 2.4 – 18.0 16.1 2.4 – 18.5 Indirect Auto 34 3.4 3.2 – 6.6 3.4 3.0 – 6.4 3.3 2.8 – 6.1 Other 35 3.5 0.1 – 3.6 3.6 0.1 – 3.7 3.8 0.1 – 3.9 Credit card 36 3.4 0.3 – 3.7 3.4 0.3 – 3.7 3.6 0.2 – 3.8 Total personal 37 62.6 10.1 – 72.7 62.1 9.7 – 71.8 62.8 9.2 – 72.0 Business and Government2 38 13.3 11.3 0.6 25.2 14.1 11.1 0.7 25.9 13.8 10.9 0.7 25.4 Other Loans Debt securities classified as loans 39 0.1 0.7 0.4 1.2 0.1 0.8 0.4 1.3 0.1 0.8 0.5 1.4 Acquired credit-impaired loans3 40 – 0.9 – 0.9 – 1.0 – 1.0 – 1.2 – 1.2 Total other loans 41 0.1 1.6 0.4 2.1 0.1 1.8 0.4 2.3 0.1 2.0 0.5 2.6 Total Gross Loans and Acceptances 42 76.0 % 23.0 % 1.0 % 100.0 % 76.3 % 22.6 % 1.1 % 100.0 % 76.7 % 22.1 % 1.2 % 100.0 % 1 Based on geographic location of unit responsible for recording revenue. 2 Excludes loans classified as trading as the Bank intends to sell the loans immediately or in the near term, and loans designated at fair value through profit or loss for which no allowance is recorded. 3 Includes all FDIC covered loans and other ACI loans.

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Impaired Loans1,2

($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year As at # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 CHANGE IN GROSS IMPAIRED LOANS BY SEGMENT Personal, Business, and Government Loans Balance at beginning of period 1 $ 2,554 $ 2,494 $ 2,518 $ 2,367 $ 2,363 $ 2,530 $ 2,493 $ 2,432 $ 2,447 $ 2,518 $ 2,493 $ 2,493 $ 2,535 Additions Canadian Personal and Commercial Banking3,4 2 704 696 691 811 649 664 653 594 580 2,091 1,966 2,777 2,344 U.S. Personal and Commercial Banking5,6 - in USD 3 433 412 352 399 368 315 333 342 361 1,197 1,016 1,415 1,273 - foreign exchange 4 18 7 (2) (4) 6 (2) 4 4 (14) 23 8 4 (16) 5 451 419 350 395 374 313 337 346 347 1,220 1,024 1,419 1,257 Wholesale Banking 6 17 – – 12 38 4 6 9 – 17 48 60 9 Total Additions7 7 1,172 1,115 1,041 1,218 1,061 981 996 949 927 3,328 3,038 4,256 3,610 Return to performing status, repaid or sold 8 (636) (604) (585) (506) (596) (670) (489) (532) (546) (1,825) (1,755) (2,261) (2,015) Net new additions 9 536 511 456 712 465 311 507 417 381 1,503 1,283 1,995 1,595 Write-offs 10 (451) (463) (478) (557) (480) (458) (474) (425) (423) (1,392) (1,412) (1,969) (1,629) Foreign exchange and other adjustments 11 25 12 (2) (4) 19 (20) 4 69 27 35 3 (1) (8) Change during the period 12 110 60 (24) 151 4 (167) 37 61 (15) 146 (126) 25 (42) Total Gross Impaired Loans – Balance at End of Period 13 $ 2,664 $ 2,554 $ 2,494 $ 2,518 $ 2,367 $ 2,363 $ 2,530 $ 2,493 $ 2,432 $ 2,664 $ 2,367 $ 2,518 $ 2,493

GROSS IMPAIRED LOANS BY SEGMENT Personal, Business, and Government Loans Canadian Personal and Commercial Banking 14 $ 1,172 $ 1,215 $ 1,212 $ 1,235 $ 1,073 $ 1,149 $ 1,165 $ 1,098 $ 1,068 $ 1,172 $ 1,073 $ 1,235 $ 1,098 U.S. Personal and Commercial Banking - in USD 15 1,404 1,295 1,244 1,205 1,208 1,180 1,317 1,351 1,374 1,404 1,208 1,205 1,351 - foreign exchange 16 38 10 (3) (1) 4 (14) 4 (4) (61) 38 4 (1) (4) 17 1,442 1,305 1,241 1,204 1,212 1,166 1,321 1,347 1,313 1,442 1,212 1,204 1,347 Wholesale Banking 18 47 31 38 76 79 45 41 45 47 47 79 76 45 Other 19 3 3 3 3 3 3 3 3 4 3 3 3 3 Total Gross Impaired Loans 20 $ 2,664 $ 2,554 $ 2,494 $ 2,518 $ 2,367 $ 2,363 $ 2,530 $ 2,493 $ 2,432 $ 2,664 $ 2,367 $ 2,518 $ 2,493 NET IMPAIRED LOANS BY SEGMENT Personal, Business, and Government Loans Canadian Personal and Commercial Banking 21 $ 880 $ 909 $ 914 $ 1,000 $ 863 $ 943 $ 950 $ 892 $ 866 $ 880 $ 863 $ 1,000 $ 892 U.S. Personal and Commercial Banking - in USD 22 1,272 1,155 1,099 1,059 1,061 1,032 1,141 1,143 1,158 1,272 1,061 1,059 1,143 - foreign exchange 23 35 9 (3) (1) 3 (13) 3 (4) (51) 35 3 (1) (4) 24 1,307 1,164 1,096 1,058 1,064 1,019 1,144 1,139 1,107 1,307 1,064 1,058 1,139 Wholesale Banking 25 13 16 23 42 48 31 27 32 35 13 48 42 32 Total Net Impaired Loans 26 $ 2,200 $ 2,089 $ 2,033 $ 2,100 $ 1,975 $ 1,993 $ 2,121 $ 2,063 $ 2,008 $ 2,200 $ 1,975 $ 2,100 $ 2,063 Net Impaired Loans as a % of Net Loans and Acceptances 27 0.51 % 0.49 % 0.49 % 0.52 % 0.49 % 0.51 % 0.55 % 0.56 % 0.56 % 0.51 % 0.49 % 0.52 % 0.56 % 1 Includes customers' liability under acceptances. 2 Excludes ACI loans and debt securities classified as loans. For additional information on ACI loans, see pages 34 to 35. 3 Includes adjustments made in Q4 2012 to certain past due accounts. 4 Includes $162 million for Q4 2012 related to certain Canadian personal past due accounts. 5 Includes a small portion of personal and commercial loans booked in U.S. entities, but managed by CAD P&C. 6 Includes $49 million for Q4 2012 related to performing U.S. personal loans which had been discharged in bankruptcy proceedings. 7 Includes $74 million for Q3 2012 related to reclassification of performing second lien U.S. HELOCs where the borrower is delinquent on any property loans with another lender.

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Impaired Loans and Acceptances by Industry Sector and Geographic Location1

($ millions, except as noted) LINE 2013 2013 2013 As at # Q3 Q2 Q1 By Industry Sector United United United Personal Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Residential mortgages 1 $ 437 $ 247 $ – $ 684 $ 465 $ 239 $ – $ 704 $ 471 $ 234 $ – $ 705 Consumer instalment and other personal HELOC2 2 317 216 – 533 316 222 – 538 318 227 – 545 Indirect Auto 3 40 59 – 99 38 48 – 86 42 32 – 74 Other 4 71 2 – 73 74 4 – 78 79 3 – 82 Credit card 5 152 122 – 274 160 38 – 198 171 18 – 189 Total personal 6 1,017 646 – 1,663 1,053 551 – 1,604 1,081 514 – 1,595 Business and Government Real estate Residential 7 22 123 – 145 33 128 – 161 33 132 – 165 Non-residential 8 6 239 – 245 7 210 – 217 5 219 – 224 Total real estate 9 28 362 – 390 40 338 – 378 38 351 – 389 Agriculture 10 6 1 – 7 5 2 – 7 4 3 – 7 Automotive 11 1 14 – 15 2 10 – 12 2 17 – 19 Financial 12 2 6 – 8 2 6 – 8 21 11 – 32 Food, beverage, and tobacco 13 7 11 – 18 3 12 – 15 3 7 – 10 Forestry 14 3 1 – 4 4 1 – 5 5 1 – 6 Government, public sector entities, and education 15 7 18 – 25 4 6 – 10 4 12 – 16 Health and social services 16 3 15 – 18 2 16 – 18 2 17 – 19 Industrial construction and trade contractors 17 13 52 – 65 14 54 – 68 18 47 – 65 Metals and mining 18 13 22 – 35 15 20 – 35 5 21 – 26 Pipelines, oil, and gas 19 17 – – 17 24 – – 24 2 6 – 8 Power and utilities 20 – – – – – – – – – – – – Professional and other services 21 26 73 – 99 25 68 – 93 8 50 – 58 Retail sector 22 51 123 – 174 27 119 – 146 33 96 – 129 Sundry manufacturing and wholesale 23 13 36 – 49 13 33 – 46 15 29 – 44 Telecommunications, cable, and media 24 1 12 – 13 1 10 – 11 1 10 – 11 Transportation 25 4 41 – 45 4 52 – 56 2 38 – 40 Other 26 5 14 – 19 6 12 – 18 5 15 – 20 Total business and government 27 200 801 – 1,001 191 759 – 950 168 731 – 899 Total Gross Impaired Loans3 28 $ 1,217 $ 1,447 $ – $ 2,664 $ 1,244 $ 1,310 $ – $ 2,554 $ 1,249 $ 1,245 $ – $ 2,494 Gross Impaired Loans as a % of Gross Loans and Acceptances Personal Residential mortgages 29 0.27 % 1.21 % – % 0.38 % 0.30 % 1.24 % – % 0.40 % 0.30 % 1.26 % – % 0.41 % Consumer instalment and other personal HELOC2 30 0.51 2.07 – 0.73 0.50 2.17 – 0.73 0.50 2.24 – 0.74 Indirect Auto 31 0.28 0.37 – 0.32 0.27 0.32 – 0.30 0.30 0.22 – 0.26 Other 32 0.47 0.39 – 0.47 0.49 0.83 – 0.50 0.54 0.64 – 0.54 Credit card 33 1.03 1.82 – 1.28 1.11 0.59 – 0.95 1.20 1.55 – 1.23 Total personal 34 0.38 1.20 – 0.52 0.40 1.07 – 0.51 0.41 1.16 – 0.52 Business and Government 35 0.32 1.52 – 0.86 0.30 1.51 – 0.81 0.28 1.50 – 0.81 Total Gross Impaired Loans3 36 0.37 % 1.36 % – % 0.61 % 0.38 % 1.29 % – % 0.59 % 0.39 % 1.34 % – % 0.60 % 1 Based on geographic location of unit responsible for recording revenue. 2 Includes certain Canadian personal past due accounts. 3 Excludes ACI loans and debt securities classified as loans. For additional information on ACI loans, see pages 34 to 35.

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Impaired Loans and Acceptances by Industry Sector and Geographic Location (Continued)1

($ millions, except as noted) LINE 2012 2012 2012 As at # Q4 Q3 Q2 By Industry Sector United United United Personal Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Residential mortgages 1 $ 479 $ 200 $ – $ 679 $ 479 $ 170 $ – $ 649 $ 551 $ 171 $ – $ 722 Consumer instalment and other personal HELOC2 2 327 200 – 527 183 184 – 367 191 93 – 284 Indirect Auto 3 37 27 – 64 40 9 – 49 38 8 – 46 Other 4 79 3 – 82 69 4 – 73 73 3 – 76 Credit card 5 166 15 – 181 166 13 – 179 167 13 – 180 Total personal 6 1,088 445 – 1,533 937 380 – 1,317 1,020 288 – 1,308 Business and Government Real estate Residential 7 30 151 – 181 30 168 – 198 12 192 – 204 Non-residential 8 3 225 – 228 3 280 – 283 5 298 – 303 Total real estate 9 33 376 – 409 33 448 – 481 17 490 – 507 Agriculture 10 5 2 – 7 4 3 – 7 9 4 – 13 Automotive 11 3 16 – 19 3 15 – 18 3 11 – 14 Financial 12 30 7 – 37 2 20 – 22 3 9 – 12 Food, beverage, and tobacco 13 3 8 – 11 2 9 – 11 1 9 – 10 Forestry 14 5 1 – 6 3 1 – 4 1 1 – 2 Government, public sector entities, and education 15 4 8 – 12 4 9 – 13 4 9 – 13 Health and social services 16 19 21 – 40 21 25 – 46 22 43 – 65 Industrial construction and trade contractors 17 13 46 – 59 18 43 – 61 17 37 – 54 Metals and mining 18 6 27 – 33 8 33 – 41 8 34 – 42 Pipelines, oil, and gas 19 2 6 – 8 3 – – 3 3 – – 3 Power and utilities 20 – – – – – 2 – 2 – 2 – 2 Professional and other services 21 7 43 – 50 11 46 – 57 12 53 – 65 Retail sector 22 32 82 – 114 33 82 – 115 33 82 – 115 Sundry manufacturing and wholesale 23 14 48 – 62 20 26 – 46 19 34 – 53 Telecommunications, cable, and media 24 37 17 – 54 39 15 – 54 1 6 – 7 Transportation 25 2 41 – 43 5 48 – 53 4 49 – 53 Other 26 6 15 – 21 7 9 – 16 14 11 – 25 Total business and government 27 221 764 – 985 216 834 – 1,050 171 884 – 1,055 Total Gross Impaired Loans3 28 $ 1,309 $ 1,209 $ – $ 2,518 $ 1,153 $ 1,214 $ – $ 2,367 $ 1,191 $ 1,172 $ – $ 2,363 Gross Impaired Loans as a % of Gross Loans and Acceptances Personal Residential mortgages 29 0.31 % 1.15 % – % 0.40 % 0.32 % 1.04 % – % 0.39 % 0.38 % 1.15 % – % 0.45 % Consumer instalment and other personal HELOC2 30 0.50 1.98 – 0.70 0.28 1.84 – 0.49 0.29 0.96 – 0.38 Indirect Auto 31 0.26 0.20 – 0.23 0.29 0.07 – 0.18 0.28 0.07 – 0.18 Other 32 0.54 0.61 – 0.55 0.46 0.90 – 0.48 0.48 0.67 – 0.48 Credit card 33 1.16 1.37 – 1.18 1.16 1.23 – 1.17 1.16 1.32 – 1.17 Total personal 34 0.42 1.05 – 0.50 0.36 0.94 – 0.44 0.40 0.77 – 0.45 Business and Government 35 0.40 1.62 – 0.93 0.37 1.79 – 0.97 0.31 1.99 – 1.02 Total Gross Impaired Loans3 36 0.41 % 1.35 % – % 0.61 % 0.36 % 1.40 % – % 0.58 % 0.38 % 1.43 % – % 0.60 % 1 Based on geographic location of unit responsible for recording revenue. 2 Includes certain Canadian personal past due accounts. 3 Excludes ACI loans and debt securities classified as loans. For additional information on ACI loans, see pages 34 to 35.

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Allowance for Credit Losses

($ millions) LINE 2013 2012 2011 Year to Date Full Year As at # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 COUNTERPARTY-SPECIFIC ALLOWANCE Change in Allowance for Credit Losses – Counterparty-Specific Balance at beginning of period 1 $ 391 $ 372 $ 386 $ 385 $ 364 $ 382 $ 397 $ 397 $ 466 $ 386 $ 397 $ 397 $ 416 Provision for credit losses – counterparty-specific 2 49 63 49 103 79 92 127 87 65 161 298 401 358 Write-offs 3 (76) (55) (71) (106) (73) (115) (143) (110) (147) (202) (331) (437) (414) Recoveries 4 14 17 11 11 13 15 7 12 17 42 35 46 63 Foreign exchange and other adjustments 5 (3) (6) (3) (7) 2 (10) (6) 11 (4) (12) (14) (21) (26) Balance at end of period 6 375 391 372 386 385 364 382 397 397 375 385 386 397 COLLECTIVELY ASSESSED ALLOWANCE Change in Allowance for Credit Losses – Individually Insignificant Balance at beginning of period 7 384 394 317 291 280 276 274 286 245 317 274 274 261 Provision for credit losses – individually insignificant 8 304 321 353 349 285 246 294 262 315 978 825 1,174 1,097 Write-offs 9 (397) (413) (362) (384) (342) (332) (349) (340) (336) (1,172) (1,023) (1,407) (1,302) Recoveries 10 100 79 76 58 63 62 58 53 52 255 183 241 201 Foreign exchange and other adjustments 11 – 3 10 3 5 28 (1) 13 10 13 32 35 17 Balance at end of period 12 391 384 394 317 291 280 276 274 286 391 291 317 274 Change in Allowance for Credit Losses – Incurred but not Identified Balance at beginning of period 13 2,175 2,133 2,152 2,042 1,954 1,919 1,926 1,895 1,887 2,152 1,926 1,926 1,910 Provision for credit losses – incurred but not identified 14 124 33 (17) 113 74 50 (17) (9) – 140 107 220 35 Foreign exchange and other adjustments 15 1 9 (2) (3) 14 (15) 10 40 8 8 9 6 (19) Balance at end of period 16 2,300 2,175 2,133 2,152 2,042 1,954 1,919 1,926 1,895 2,300 2,042 2,152 1,926 Allowance for Credit Losses at End of Period 17 3,066 2,950 2,899 2,855 2,718 2,598 2,577 2,597 2,578 3,066 2,718 2,855 2,597 Consisting of: Allowance for loan losses Canada 18 1,356 1,314 1,324 1,304 1,212 1,137 1,036 1,009 997 1,356 1,212 1,304 1,009 United States 19 1,505 1,422 1,361 1,338 1,305 1,256 1,243 1,302 1,289 1,505 1,305 1,338 1,302 International 20 2 1 1 2 1 1 3 3 3 2 1 2 3 Total allowance for loan losses 21 2,863 2,737 2,686 2,644 2,518 2,394 2,282 2,314 2,289 2,863 2,518 2,644 2,314 Allowance for credit losses for off-balance sheet instruments 22 203 213 213 211 200 204 295 283 289 203 200 211 283 Allowance for Credit Losses at End of Period 23 $ 3,066 $ 2,950 $ 2,899 $ 2,855 $ 2,718 $ 2,598 $ 2,577 $ 2,597 $ 2,578 $ 3,066 $ 2,718 $ 2,855 $ 2,597

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Allowance for Credit Losses by Industry Sector and Geographic Location1

($ millions, except as noted) LINE 2013 2013 2013 As at # Q3 Q2 Q1

By Industry Sector Allowance for Credit Losses – Counterparty-Specific and Individually United United United Insignificant – On-Balance Sheet Loans Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Personal Residential mortgages 1 $ 12 $ 9 $ – $ 21 $ 14 $ 13 $ – $ 27 $ 13 $ 8 $ – $ 21 Consumer instalment and other personal HELOC 2 20 15 – 35 19 19 – 38 20 20 – 40 Indirect Auto 3 23 3 – 26 22 2 – 24 25 4 – 29 Other 4 49 1 – 50 51 1 – 52 55 2 – 57 Credit card 5 113 12 – 125 119 14 – 133 127 15 – 142 Total personal 6 217 40 – 257 225 49 – 274 240 49 – 289 Business and Government Real estate Residential 7 12 14 – 26 16 22 – 38 15 18 – 33 Non-residential 8 2 25 – 27 2 16 – 18 2 28 – 30 Total real estate 9 14 39 – 53 18 38 – 56 17 46 – 63 Agriculture 10 2 – – 2 2 1 – 3 1 – – 1 Automotive 11 1 2 – 3 1 1 – 2 1 2 – 3 Financial 12 1 3 – 4 1 1 – 2 9 1 – 10 Food, beverage, and tobacco 13 3 2 – 5 1 2 – 3 2 1 – 3 Forestry 14 1 – – 1 2 – – 2 1 – – 1 Government, public sector entities, and education 15 3 2 – 5 2 1 – 3 2 5 – 7 Health and social services 16 1 2 – 3 – 3 – 3 – 3 – 3 Industrial construction and trade contractors 17 7 5 – 12 7 8 – 15 8 5 – 13 Metals and mining 18 5 1 – 6 5 1 – 6 5 1 – 6 Pipelines, oil, and gas 19 17 – – 17 21 – – 21 1 1 – 2 Power and utilities 20 – – – – – – – – – – – – Professional and other services 21 11 10 – 21 11 9 – 20 3 6 – 9 Retail sector 22 28 19 – 47 11 14 – 25 10 11 – 21 Sundry manufacturing and wholesale 23 6 3 – 9 7 2 – 9 7 2 – 9 Telecommunications, cable, and media 24 – 6 – 6 1 5 – 6 – 5 – 5 Transportation 25 3 4 – 7 2 8 – 10 2 9 – 11 Other 26 4 2 – 6 3 2 – 5 3 2 – 5 Total business and government 27 107 100 – 207 95 96 – 191 72 100 – 172 Other Loans Debt securities classified as loans 28 – 171 – 171 – 188 – 188 – 187 – 187 Acquired credit-impaired loans2 29 – 131 – 131 – 122 – 122 1 117 – 118 Total other loans 30 – 302 – 302 – 310 – 310 1 304 – 305 Total Allowance for Credit Losses – Counterparty-Specific and Individually Insignificant 31 324 442 – 766 320 455 – 775 313 453 – 766 Allowance for Credit Losses – Incurred but Not Identified – On-Balance Sheet Loans Personal Residential mortgages 32 81 30 – 111 15 28 – 43 16 32 – 48 Consumer instalment and other personal HELOC 33 7 76 – 83 7 51 – 58 8 56 – 64 Indirect Auto 34 88 164 – 252 88 109 – 197 86 86 – 172 Other 35 175 19 – 194 188 20 – 208 182 17 – 199 Credit card 36 482 162 – 644 502 86 – 588 540 43 – 583 Total personal 37 833 451 – 1,284 800 294 – 1,094 832 234 – 1,066 Business and Government 38 199 490 2 691 194 512 1 707 179 518 1 698 Other Loans Debt securities classified as loans 39 – 122 – 122 – 161 – 161 – 156 – 156 Total other loans 40 – 122 – 122 – 161 – 161 – 156 – 156 Total Allowance for Credit Losses – Incurred but Not Identified 41 1,032 1,063 2 2,097 994 967 1 1,962 1,011 908 1 1,920 Allowance for Loan Losses – On-Balance Sheet Loans 42 1,356 1,505 2 2,863 1,314 1,422 1 2,737 1,324 1,361 1 2,686 Allowances for Credit Losses – Off-Balance Sheet Instruments 43 113 90 – 203 114 98 1 213 121 91 1 213 Total Allowance for Credit Losses 44 $ 1,469 $ 1,595 $ 2 $ 3,066 $ 1,428 $ 1,520 $ 2 $ 2,950 $ 1,445 $ 1,452 $ 2 $ 2,899

Allowance for Credit Losses – Counterparty-Specific and Individually Insignificant as a % of Gross Impaired Loans3 Personal Residential mortgages 45 2.7 % 3.6 % – % 3.1 % 3.0 % 5.4 % – % 3.8 % 2.8 % 3.4 % – % 3.0 % Consumer instalment and other personal HELOC 46 6.3 6.9 – 6.6 6.0 8.6 – 7.1 6.3 8.8 – 7.3 Indirect Auto 47 57.5 5.1 – 26.3 57.9 4.2 – 27.9 59.5 12.5 – 39.2 Other 48 69.0 50.0 – 68.5 68.9 25.0 – 66.7 69.6 66.7 – 69.5 Credit card 49 74.3 9.8 – 45.6 74.4 36.8 – 67.2 74.3 83.3 – 75.1 Total personal 50 21.3 6.2 – 15.5 21.4 8.9 – 17.1 22.2 9.5 – 18.1 Business and Government 51 53.5 12.5 – 20.7 49.7 12.6 – 20.1 42.9 13.7 – 19.1 Total Allowance for Credit Losses – Counterparty-Specific and Individually Insignificant3 52 26.6 % 9.7 % – % 17.4 % 25.7 % 11.1 % – % 18.2 % 25.0 % 12.0 % – % 18.5 %

Total allowance for credit losses as a % of gross loans and acceptances3 53 0.4 % 1.1 % 0.1 % 0.6 % 0.4 % 1.0 % 0.1 % 0.6 % 0.4 % 1.1 % 0.1 % 0.6 %

1 Based on geographic location of unit responsible for recording revenue. 2 Includes all FDIC covered loans and other ACI loans. 3 Excludes ACI loans and debt securities classified as loans. For additional information on ACI loans, see pages 34 to 35.

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Allowance for Credit Losses by Industry Sector and Geographic Location (Continued)1

($ millions, except as noted) LINE 2012 2012 2012 As at # Q4 Q3 Q2 By Industry Sector Allowance for Credit Losses – Counterparty-Specific and United United United Individually Insignificant – On-Balance Sheet Loans Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Personal Residential mortgages 1 $ 14 $ 13 $ – $ 27 $ 13 $ 14 $ – $ 27 $ 12 $ 9 $ – $ 21 Consumer instalment and other personal HELOC 2 21 21 – 42 14 22 – 36 14 13 – 27 Indirect Auto 3 23 3 – 26 23 2 – 25 24 3 – 27 Other 4 49 1 – 50 45 1 – 46 45 1 – 46 Credit card 5 71 12 – 83 48 12 – 60 51 12 – 63 Total personal 6 178 50 – 228 143 51 – 194 146 38 – 184 Business and Government Real estate Residential 7 15 18 – 33 16 15 – 31 4 22 – 26 Non-residential 8 2 34 – 36 2 37 – 39 2 38 – 40 Total real estate 9 17 52 – 69 18 52 – 70 6 60 – 66 Agriculture 10 1 – – 1 2 – – 2 2 – – 2 Automotive 11 1 1 – 2 2 1 – 3 1 1 – 2 Financial 12 9 1 – 10 1 3 – 4 3 4 – 7 Food, beverage, and tobacco 13 1 1 – 2 1 1 – 2 – 2 – 2 Forestry 14 1 – – 1 – – – – – – – – Government, public sector entities, and education 15 2 1 – 3 2 1 – 3 2 – – 2 Health and social services 16 2 3 – 5 5 4 – 9 5 7 – 12 Industrial construction and trade contractors 17 7 6 – 13 11 5 – 16 11 4 – 15 Metals and mining 18 5 1 – 6 6 2 – 8 6 1 – 7 Pipelines, oil, and gas 19 1 2 – 3 1 – – 1 1 – – 1 Power and utilities 20 – – – – – 1 – 1 – – – – Professional and other services 21 3 2 – 5 7 6 – 13 7 4 – 11 Retail sector 22 10 12 – 22 10 9 – 19 11 6 – 17 Sundry manufacturing and wholesale 23 6 2 – 8 9 2 – 11 8 8 – 16 Telecommunications, cable, and media 24 18 7 – 25 17 3 – 20 – 3 – 3 Transportation 25 2 9 – 11 4 8 – 12 4 7 – 11 Other 26 3 1 – 4 3 1 – 4 8 4 – 12 Total business and government 27 89 101 – 190 99 99 – 198 75 111 – 186 Other Loans Debt securities classified as loans 28 – 185 – 185 – 180 – 180 – 177 – 177 Acquired credit-impaired loans2 29 1 97 – 98 2 100 – 102 2 93 – 95 Total other loans 30 1 282 – 283 2 280 – 282 2 270 – 272 Total Allowance for Credit Losses – Counterparty-Specific and Individually Insignificant 31 268 433 – 701 244 430 – 674 223 419 – 642 Allowance for Credit Losses – Incurred but Not Identified – On-Balance Sheet Loans Personal Residential mortgages 32 13 37 – 50 14 18 – 32 14 17 – 31 Consumer instalment and other personal HELOC 33 6 59 – 65 5 56 – 61 6 54 – 60 Indirect Auto 34 91 77 – 168 84 67 – 151 80 56 – 136 Other 35 179 18 – 197 186 17 – 203 193 11 – 204 Credit card 36 564 41 – 605 489 37 – 526 435 35 – 470 Total personal 37 853 232 – 1,085 778 195 – 973 728 173 – 901 Business and Government 38 183 518 2 703 190 521 1 712 186 510 1 697 Other Loans Debt securities classified as loans 39 – 155 – 155 – 159 – 159 – 154 – 154 Total other loans 40 – 155 – 155 – 159 – 159 – 154 – 154 Total Allowance for Credit Losses – Incurred but Not Identified 41 1,036 905 2 1,943 968 875 1 1,844 914 837 1 1,752 Allowance for Loan Losses – On-Balance Sheet Loans 42 1,304 1,338 2 2,644 1,212 1,305 1 2,518 1,137 1,256 1 2,394 Allowances for Credit Losses – Off-Balance Sheet Instruments 43 122 88 1 211 116 83 1 200 112 91 1 204 Total Allowance for Credit Losses 44 $ 1,426 $ 1,426 $ 3 $ 2,855 $ 1,328 $ 1,388 $ 2 $ 2,718 $ 1,249 $ 1,347 $ 2 $ 2,598

Allowance for Credit Losses – Counterparty-Specific and Individually Insignificant as a % of Gross Impaired Loans3 Personal Residential mortgages 45 2.9 % 6.5 % – % 4.0 % 2.7 % 8.2 % – % 4.2 % 2.2 % 5.3 % – % 2.9 % Consumer instalment and other personal HELOC 46 6.4 10.5 – 8.0 7.7 12.0 – 9.8 7.3 14.0 – 9.5 Indirect Auto 47 62.2 11.1 – 40.6 57.5 22.2 – 51.0 63.2 37.5 – 58.7 Other 48 62.0 33.3 – 61.0 65.2 25.0 – 63.0 61.6 33.3 – 60.5 Credit card 49 42.8 80.0 – 45.9 28.9 92.3 – 33.5 30.5 92.3 – 35.0 Total personal 50 16.4 11.2 – 14.9 15.3 13.4 – 14.7 14.3 13.2 – 14.1 Business and Government 51 40.3 13.2 – 19.3 45.8 11.9 – 18.9 43.9 12.6 – 17.6 Total Allowance for Credit Losses – Counterparty-Specific and Individually Insignificant3 52 20.4 % 12.5 % – % 16.6 % 21.0 % 12.4 % – % 16.6 % 18.6 % 12.7 % – % 15.7 % Total allowance for credit losses as a % of gross loans and acceptances3 53 0.4 % 1.1 % 0.1 % 0.6 % 0.4 % 1.1 % 0.1 % 0.6 % 0.4 % 1.1 % 0.1 % 0.5 %

1 Based on geographic location of unit responsible for recording revenue. 2 Includes all FDIC covered loans and other ACI loans. 3 Excludes ACI loans and debt securities classified as loans. For additional information on ACI loans, see pages 34 to 35.

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Provision for Credit Losses

($ millions) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 PROVISION FOR (REVERSAL OF) CREDIT LOSSES Provision for Credit losses for Counterparty-Specific and Individually Insignificant Provision for credit losses – counterparty-specific 1 $ 63 $ 80 $ 60 $ 114 $ 92 $ 107 $ 134 $ 99 $ 82 $ 203 $ 333 $ 447 $ 421 Provision for credit losses – individually insignificant 2 404 400 429 407 348 308 352 315 367 1,233 1,008 1,415 1,298 Recoveries 3 (114) (96) (87) (69) (76) (77) (65) (65) (69) (297) (218) (287) (264) Total provision for credit losses for counterparty-specific and individually insignificant 4 353 384 402 452 364 338 421 349 380 1,139 1,123 1,575 1,455 Provision for Credit Losses – Incurred But Not Identified Canadian Personal and Commercial Banking and Wholesale Banking 5 37 (25) (25) 79 55 16 33 – – (13) 104 183 – U.S. Personal and Commercial Banking – in USD 6 84 57 8 34 19 34 (49) (9) (2) 149 4 38 34 – foreign exchange 7 3 1 – – – – (1) – 1 4 (1) (1) (2) 8 87 58 8 34 19 34 (50) (9) (1) 153 3 37 32 Other 9 – – – – – – – – 1 – – – 3 Total provision for credit losses – incurred but not identified 10 124 33 (17) 113 74 50 (17) (9) – 140 107 220 35 Total Provision for Credit Losses 11 $ 477 $ 417 $ 385 $ 565 $ 438 $ 388 $ 404 $ 340 $ 380 $ 1,279 $ 1,230 $ 1,795 $ 1,490 PROVISION FOR (REVERSAL OF) CREDIT LOSSES BY SEGMENT Canadian Personal and Commercial Banking 12 $ 216 $ 245 $ 244 $ 306 $ 288 $ 274 $ 283 $ 212 $ 205 $ 705 $ 845 $ 1,151 $ 824 U.S. Personal and Commercial Banking – in USD 13 217 193 177 257 173 193 155 130 180 587 521 778 698 – foreign exchange 14 6 4 (1) (3) 2 (1) 3 – (6) 9 4 1 (11) 15 223 197 176 254 175 192 158 130 174 596 525 779 687 Wholesale Banking1 16 23 3 (5) 8 21 6 12 3 6 21 39 47 22 Corporate Segment Wholesale Banking – CDS1 17 (4) (4) (4) (4) (4) (5) (6) (7) (6) (12) (15) (19) (26) Reduction of allowance for incurred but not identified credit losses 18 (29) (25) (25) – (41) (80) (41) – – (79) (162) (162) – Other 19 48 1 (1) 1 (1) 1 (2) 2 1 48 (2) (1) (17) Total Corporate Segment 20 15 (28) (30) (3) (46) (84) (49) (5) (5) (43) (179) (182) (43) Total Provision for Credit Losses 21 $ 477 $ 417 $ 385 $ 565 $ 438 $ 388 $ 404 $ 340 $ 380 $ 1,279 $ 1,230 $ 1,795 $ 1,490

1 Premiums on CDS recorded in PCL for Wholesale Banking are reclassified to trading income in the Corporate segment.

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Provision for Credit Losses by Industry Sector and Geographic Location1

($ millions, except as noted) LINE 2013 2013 2013 For the period ended # Q3 Q2 Q1 By Industry Sector United United United Provision for Credit Losses – Counterparty-Specific and Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Individually Insignificant Personal Residential mortgages 1 $ 5 $ (2) $ – $ 3 $ 5 $ 11 $ – $ 16 $ 2 $ – $ – $ 2 Consumer Instalment and Other Personal HELOC 2 4 6 – 10 3 19 – 22 3 17 – 20 Indirect Auto 3 30 35 – 65 26 35 – 61 35 50 – 85 Other 4 51 11 – 62 53 9 – 62 65 17 – 82 Credit card 5 117 10 – 127 121 13 – 134 126 15 – 141 Total personal 6 207 60 – 267 208 87 – 295 231 99 – 330 Business and Government Real estate Residential 7 (4) (6) – (10) – 5 – 5 1 1 – 2 Non-residential 8 – 16 – 16 1 7 – 8 – 11 – 11 Total real estate 9 (4) 10 – 6 1 12 – 13 1 12 – 13 Agriculture 10 1 (1) – – 1 – – 1 1 – – 1 Automotive 11 1 1 – 2 – – – – – 1 – 1 Financial 12 – 1 – 1 – 1 – 1 – – – – Food, beverage, and tobacco 13 3 – – 3 – 1 – 1 1 – – 1 Forestry 14 – – – – – – – – – – – – Government, public sector entities, and education 15 1 1 – 2 – – – – – 10 – 10 Health and social services 16 1 (1) – – (2) (1) – (3) (1) 2 – 1 Industrial construction and trade contractors 17 2 (2) – – 5 5 – 10 2 – – 2 Metals and mining 18 – 4 – 4 – 1 – 1 – 1 – 1 Pipelines, oil, and gas 19 (5) – – (5) 20 (1) – 19 – (1) – (1) Power and utilities 20 – – – – – – – – – – – – Professional and other services 21 1 4 – 5 3 8 – 11 2 5 – 7 Retail sector 22 23 15 – 38 5 7 – 12 3 – – 3 Sundry manufacturing and wholesale 23 – 3 – 3 2 1 – 3 1 7 – 8 Telecommunications, cable, and media 24 – – – – 1 1 – 2 (5) 1 – (4) Transportation 25 1 (7) – (6) 1 – – 1 1 1 – 2 Other 26 1 5 – 6 1 4 – 5 – 3 – 3 Total business and government 27 26 33 – 59 38 39 – 77 6 42 – 48 Other Loans Debt securities classified as loans 28 – 11 – 11 – – – – – 2 – 2 Acquired credit-impaired loans2 29 – 16 – 16 – 12 – 12 – 22 – 22 Total other loans 30 – 27 – 27 – 12 – 12 – 24 – 24 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant 31 233 120 – 353 246 138 – 384 237 165 – 402 Provision for Credit Losses – Incurred but Not Identified Personal, business and government 32 37 109 – 146 (24) 54 – 30 (25) 8 (1) (18) Other Loans Debt securities classified as loans 33 – (22) – (22) – 3 – 3 – 1 – 1 Total other loans 34 – (22) – (22) – 3 – 3 – 1 – 1 Total Provision for Credit Losses – Incurred but not Identified 35 37 87 – 124 (24) 57 – 33 (25) 9 (1) (17) Total Provision for Credit Losses 36 $ 270 $ 207 $ – $ 477 $ 222 $ 195 $ – $ 417 $ 212 $ 174 $ (1) $ 385

Provision for Credit Losses – Counterparty-Specific and Individually Insignificant as a % of Average Net Loans and Acceptances Personal Residential mortgages 37 0.01 % (0.04) % – % 0.01 % 0.01 % 0.24 % – % 0.04 % 0.01 % – % – % – % Consumer instalment and other personal HELOC 38 0.03 0.23 – 0.05 0.02 0.76 – 0.12 0.02 0.67 – 0.11 Indirect Auto 39 0.84 0.89 – 0.87 0.77 0.98 – 0.88 1.01 1.45 – 1.23 Other 40 1.35 7.93 – 1.59 1.44 7.27 – 1.63 1.80 13.25 – 2.19 Credit card 41 3.33 0.61 – 2.47 3.66 1.36 – 3.14 3.65 5.55 – 3.78 Total personal 42 0.31 0.45 – 0.33 0.33 0.74 – 0.39 0.35 0.91 – 0.43 Business and Government 43 0.17 0.25 – 0.20 0.25 0.32 – 0.28 0.04 0.35 – 0.18 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant 44 0.28 0.43 – 0.32 0.31 0.54 – 0.37 0.29 0.68 – 0.38 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant Excluding Other Loans 45 0.28 % 0.35 % – % 0.30 % 0.31 % 0.53 % – % 0.36 % 0.30 % 0.62 % – % 0.36 %

Total Provision for Credit Losses as a % of Average Net Loans and Acceptances Total Provision for Credit Losses 46 0.33 % 0.74 % – % 0.43 % 0.28 % 0.77 % – % 0.40 % 0.26 % 0.71 % (0.09) % 0.36 % Total Provision for Credit Losses Excluding Other Loans 47 0.33 0.76 – 0.43 0.28 0.75 – 0.39 0.26 0.65 (0.14) 0.35

1 Based on geographic location of unit responsible for recording revenue. 2 Includes all FDIC covered loans and other ACI loans.

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Provision for Credit Losses by Industry Sector and Geographic Location (Continued)1

($ millions, except as noted) LINE 2012 2012 2012 For the period ended # Q4 Q3 Q2 By Industry Sector United United United Provision for Credit Losses – Counterparty-Specific and Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Individually Insignificant Personal Residential mortgages 1 $ 7 $ 11 $ – $ 18 $ 4 $ 9 $ – $ 13 $ 1 $ (2) $ – $ (1) Consumer Instalment and Other Personal HELOC 2 12 36 – 48 4 29 – 33 2 6 – 8 Indirect Auto 3 33 46 – 79 32 29 – 61 29 13 – 42 Other 4 66 16 – 82 65 11 – 76 61 8 – 69 Credit card 5 91 11 – 102 69 9 – 78 73 12 – 85 Total personal 6 209 120 – 329 174 87 – 261 166 37 – 203 Business and Government Real estate Residential 7 – 15 – 15 12 7 – 19 1 29 – 30 Non-residential 8 1 13 – 14 – 2 – 2 (6) 20 – 14 Total real estate 9 1 28 – 29 12 9 – 21 (5) 49 – 44 Agriculture 10 1 – – 1 1 1 – 2 – – – – Automotive 11 1 1 – 2 – 1 – 1 1 – – 1 Financial 12 8 9 – 17 (2) 9 – 7 – 2 – 2 Food, beverage, and tobacco 13 1 1 – 2 – – – – – 2 – 2 Forestry 14 1 – – 1 – – – – – – – – Government, public sector entities, and education 15 – – – – – 1 – 1 – – – – Health and social services 16 (2) 1 – (1) – (2) – (2) 2 – – 2 Industrial construction and trade contractors 17 3 7 – 10 3 6 – 9 2 1 – 3 Metals and mining 18 – – – – – 2 – 2 – – – – Pipelines, oil, and gas 19 – 1 – 1 – – – – – – – – Power and utilities 20 – – – – – (2) – (2) – 3 – 3 Professional and other services 21 2 (1) – 1 2 3 – 5 4 3 – 7 Retail sector 22 3 6 – 9 5 8 – 13 4 – – 4 Sundry manufacturing and wholesale 23 – 9 – 9 3 3 – 6 3 6 – 9 Telecommunications, cable, and media 24 1 5 – 6 18 1 – 19 – 1 – 1 Transportation 25 1 4 – 5 – 2 – 2 1 12 – 13 Other 26 1 5 – 6 (4) 1 – (3) 2 10 – 12 Total business and government 27 22 76 – 98 38 43 – 81 14 89 – 103 Other Loans Debt securities classified as loans 28 – 6 – 6 – – – – – – – – Acquired credit-impaired loans2 29 (1) 20 – 19 – 22 – 22 – 32 – 32 Total other loans 30 (1) 26 – 25 – 22 – 22 – 32 – 32 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant 31 230 222 – 452 212 152 – 364 180 158 – 338 Provision for Credit Losses – Incurred but Not Identified Personal, business and government 32 75 40 1 116 57 14 – 71 31 20 (4) 47 Other Loans Debt securities classified as loans 33 – (3) – (3) – 3 – 3 – 3 – 3 Total other loans 34 – (3) – (3) – 3 – 3 – 3 – 3 Total Provision for Credit Losses – Incurred but not Identified 35 75 37 1 113 57 17 – 74 31 23 (4) 50 Total Provision for Credit Losses 36 $ 305 $ 259 $ 1 $ 565 $ 269 $ 169 $ – $ 438 $ 211 $ 181 $ (4) $ 388

Provision for Credit Losses – Counterparty-Specific and Individually Insignificant as a % of Average Net Loans and Acceptances Personal Residential mortgages 37 0.02 % 0.26 % – % 0.04 % 0.01 % 0.23 % – % 0.03 % – % (0.06) % – % – % Consumer instalment and other personal HELOC 38 0.07 1.45 – 0.26 0.02 1.15 – 0.18 0.01 0.25 – 0.04 Indirect Auto 39 0.94 1.42 – 1.17 0.92 0.95 – 0.93 0.87 0.49 – 0.70 Other 40 1.80 12.96 – 2.16 1.74 8.93 – 1.97 1.63 6.92 – 1.78 Credit card 41 2.65 4.35 – 2.77 1.99 3.66 – 2.10 2.11 5.55 – 2.32 Total personal 42 0.32 1.17 – 0.44 0.27 0.88 – 0.35 0.27 0.42 – 0.29 Business and Government 43 0.16 0.66 – 0.38 0.29 0.37 – 0.32 0.12 0.84 – 0.44 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant 44 0.29 0.95 – 0.44 0.27 0.65 – 0.36 0.24 0.74 – 0.35 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant Excluding Other Loans 45 0.29 % 0.90 % – % 0.42 % 0.27 % 0.61 % – % 0.34 % 0.24 % 0.65 % – % 0.32 % Total Provision for Credit Losses as a % of Average Net Loans and Acceptances Total Provision for Credit Losses 46 0.39 % 1.10 % 0.09 % 0.55 % 0.35 % 0.72 % – % 0.43 % 0.28 % 0.84 % (0.34) % 0.40 % Total Provision for Credit Losses Excluding Other Loans 47 0.39 1.08 0.13 0.54 0.35 0.67 – 0.42 0.28 0.75 (0.57) 0.37 1 Based on geographic location of unit responsible for recording revenue. 2 Includes all FDIC covered loans and other ACI loans.

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Acquired Credit-Impaired Loans by Geographic Location1

($ millions) LINE 2013 2013 2013 For the period ended # Q3 Q2 Q1 United United United Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Gross Loans Residential mortgages 1 $ – $ 506 $ – $ 506 $ – $ 523 $ – $ 523 $ – $ 535 $ – $ 535 Consumer instalment and other personal HELOC 2 – 165 – 165 – 172 – 172 – 180 – 180 Indirect Auto 3 2 74 – 76 3 112 – 115 4 165 – 169 Other 4 20 62 – 82 28 63 – 91 36 67 – 103 Credit cards 5 14 43 – 57 17 76 – 93 21 – – 21 Business and government 6 – 1,920 – 1,920 – 2,170 – 2,170 – 2,417 – 2,417 Total Gross Loans 7 $ 36 $ 2,770 $ – $ 2,806 $ 48 $ 3,116 $ – $ 3,164 $ 61 $ 3,364 $ – $ 3,425 Change in Allowance for Credit Losses Balance at beginning of period 8 $ – $ 122 $ – $ 122 $ 1 $ 117 $ – $ 118 $ 1 $ 97 $ – $ 98 Provision for credit losses – counterparty-specific 9 – (6) – (6) – 5 – 5 – 11 – 11 Provision for credit losses – individually insignificant impaired loans 10 – 22 – 22 – 7 – 7 – 11 – 11 Write-offs2 11 – (5) – (5) – (9) – (9) – (13) – (13) Recoveries 12 – 6 – 6 – 3 – 3 – – – – Foreign exchange and other adjustments 13 – (8) – (8) (1) (1) – (2) – 11 – 11 Balance at end of period 14 $ – $ 131 $ – $ 131 $ – $ 122 $ – $ 122 $ 1 $ 117 $ – $ 118 Allowance for Credit Losses Residential mortgages 15 $ – $ 27 $ – $ 27 $ – $ 28 $ – $ 28 $ – $ 28 $ – $ 28 Consumer instalment and other personal HELOC 16 – 6 – 6 – 5 – 5 – 4 – 4 Indirect Auto 17 – – – – – – – – 1 – – 1 Other 18 – 6 – 6 – 7 – 7 – 6 – 6 Business and government 19 – 92 – 92 – 82 – 82 – 79 – 79 Total Allowance for Credit Losses 20 $ – $ 131 $ – $ 131 $ – $ 122 $ – $ 122 $ 1 $ 117 $ – $ 118 Provision for Credit Losses – Counterparty-Specific and Individually Insignificant3 Provision for credit losses – counterparty-specific 21 $ – $ (6) $ – $ (6) $ – $ 5 $ – $ 5 $ – $ 11 $ – $ 11 Provision for credit losses – individually insignificant 22 – 22 – 22 – 7 – 7 – 11 – 11 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant 23 $ – $ 16 $ – $ 16 $ – $ 12 $ – $ 12 $ – $ 22 $ – $ 22 Provision for Credit Losses – Counterparty-Specific and Individually Insignificant Residential mortgages 24 $ – $ – $ – $ – $ – $ – $ – $ – $ – $ 6 $ – $ 6 Consumer instalment and other personal HELOC 25 – 2 – 2 – 2 – 2 – 1 – 1 Indirect Auto 26 – – – – – – – – – – – – Other 27 – – – – – 1 – 1 – 1 – 1 Business and government 28 – 14 – 14 – 9 – 9 – 14 – 14 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant 29 $ – $ 16 $ – $ 16 $ – $ 12 $ – $ 12 $ – $ 22 $ – $ 22

1 Based on geographic location of unit responsible for recording revenue. 2 Excludes write-offs for which a credit mark was established on acquisition date. 3 PCL reflects loss sharing agreements with the FDIC, and is presented net of the amount expected to be reimbursed by the FDIC.

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35

Acquired Credit-Impaired Loans by Geographic Location (Continued)1

($ millions) LINE 2012 2012 2012 For the period ended # Q4 Q3 Q2 United United United Canada States Int'l Total Canada States Int'l Total Canada States Int'l Total Gross Loans Residential mortgages 1 $ – $ 563 $ – $ 563 $ – $ 603 $ – $ 603 $ – $ 622 $ – $ 622 Consumer instalment and other personal HELOC 2 – 190 – 190 – 182 – 182 – 191 – 191 Indirect Auto 3 6 230 – 236 8 313 – 321 11 404 – 415 Other 4 46 74 – 120 58 108 – 166 72 109 – 181 Credit cards 5 25 – – 25 9 – – 9 17 – – 17 Business and government 6 – 2,633 – 2,633 – 3,002 – 3,002 – 3,423 – 3,423 Total Gross Loans 7 $ 77 $ 3,690 $ – $ 3,767 $ 75 $ 4,208 $ – $ 4,283 $ 100 $ 4,749 $ – $ 4,849 Change in Allowance for Credit Losses Balance at beginning of period 8 $ 2 $ 100 $ – $ 102 $ 2 $ 93 $ – $ 95 $ 3 $ 64 $ – $ 67 Provision for credit losses – counterparty-specific 9 – 17 – 17 – 20 – 20 – 6 – 6 Provision for credit losses – individually insignificant impaired loans 10 (1) 3 – 2 – 2 – 2 – 26 – 26 Write-offs2 11 – (24) – (24) – (20) – (20) (1) (34) – (35) Recoveries 12 – – – – – 1 – 1 – – – – Foreign exchange and other adjustments 13 – 1 – 1 – 4 – 4 – 31 – 31 Balance at end of period 14 $ 1 $ 97 $ – $ 98 $ 2 $ 100 $ – $ 102 $ 2 $ 93 $ – $ 95 Allowance for Credit Losses Residential mortgages 15 $ – $ 20 $ – $ 20 $ – $ 24 $ – $ 24 $ – $ 22 $ – $ 22 Consumer instalment and other personal HELOC 16 – 5 – 5 – 4 – 4 – 5 – 5 Indirect Auto 17 1 – – 1 2 – – 2 2 – – 2 Other 18 – 4 – 4 – 6 – 6 – 6 – 6 Business and government 19 – 68 – 68 – 66 – 66 – 60 – 60 Total Allowance for Credit Losses 20 $ 1 $ 97 $ – $ 98 $ 2 $ 100 $ – $ 102 $ 2 $ 93 $ – $ 95 Provision for Credit Losses – Counterparty-Specific and Individually Insignificant3 Provision for credit losses – counterparty-specific 21 $ – $ 17 $ – $ 17 $ – $ 20 $ – $ 20 $ – $ 6 $ – $ 6 Provision for credit losses – individually insignificant 22 (1) 3 – 2 – 2 – 2 – 26 – 26 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant 23 $ (1) $ 20 $ – $ 19 $ – $ 22 $ – $ 22 $ – $ 32 $ – $ 32 Provision for Credit Losses – Counterparty-Specific and Individually Insignificant Residential mortgages 24 $ – $ (2) $ – $ (2) $ – $ 2 $ – $ 2 $ – $ 9 $ – $ 9 Consumer instalment and other personal HELOC 25 – 1 – 1 – – – – – 5 – 5 Indirect Auto 26 (1) – – (1) – – – – – 1 – 1 Other 27 – – – – – – – – – 2 – 2 Business and government 28 – 21 – 21 – 20 – 20 – 15 – 15 Total Provision for Credit Losses – Counterparty-Specific and Individually Insignificant 29 $ (1) $ 20 $ – $ 19 $ – $ 22 $ – $ 22 $ – $ 32 $ – $ 32 1 Based on geographic location of unit responsible for recording revenue. 2 Excludes write-offs for which a credit mark was established on acquisition date. 3 PCL reflects loss sharing agreements with the FDIC, and is presented net of the amount expected to be reimbursed by the FDIC.

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Analysis of Change in Equity

($ millions, except as noted) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Common Shares Balance at beginning of period 1 $ 19,133 $ 19,023 $ 18,691 $ 18,351 $ 18,074 $ 17,727 $ 17,491 $ 16,572 $ 16,367 $ 18,691 $ 17,491 $ 17,491 $ 15,804 Issued Options 2 90 33 62 58 22 116 57 41 33 185 195 253 322 Dividend reinvestment plan 3 82 77 270 282 255 231 179 174 172 429 665 947 661 New shares 4 – – – – – – – 704 – – – – 704 Purchase of shares for cancellation 5 (87) – – – – – – – – (87) – – – Balance at end of period 6 19,218 19,133 19,023 18,691 18,351 18,074 17,727 17,491 16,572 19,218 18,351 18,691 17,491 Preferred Shares Balance at beginning of period 7 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 Balance at end of period 8 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 3,395 Treasury Shares – Common Balance at beginning of period 9 (126) (135) (166) (178) (163) (157) (116) (104) (104) (166) (116) (116) (91) Purchase of shares 10 (1,031) (728) (806) (1,045) (570) (692) (868) (760) (348) (2,565) (2,130) (3,175) (2,164) Sale of shares 11 1,013 737 837 1,057 555 686 827 748 348 2,587 2,068 3,125 2,139 Balance at end of period 12 (144) (126) (135) (166) (178) (163) (157) (116) (104) (144) (178) (166) (116) Treasury Shares – Preferred Balance at beginning of period 13 – (3) (1) (1) (1) – – – – (1) – – (1) Purchase of shares 14 (24) (18) (15) (16) (22) (24) (15) (8) (24) (57) (61) (77) (59) Sale of shares 15 21 21 13 16 22 23 15 8 24 55 60 76 60 Balance at end of period 16 (3) – (3) (1) (1) (1) – – – (3) (1) (1) – Contributed Surplus Balance at beginning of period 17 190 185 196 203 200 214 212 211 204 196 212 212 235 Net premium (discount) on treasury shares 18 (1) 5 (7) (1) 3 – 8 1 6 (3) 11 10 11 Stock options expensed 19 6 6 8 5 5 5 7 4 7 20 17 22 28 Stock options exercised 20 (14) (6) (14) (11) (3) (20) (13) (6) (5) (34) (36) (47) (62) Other 21 – – 2 – (2) 1 – 2 (1) 2 (1) (1) – Balance at end of period 22 181 190 185 196 203 200 214 212 211 181 203 196 212 Retained Earnings Balance at beginning of period 23 23,674 22,772 21,763 20,943 19,970 19,003 18,213 17,322 16,487 21,763 18,213 18,213 14,781 Net income 24 1,501 1,697 1,764 1,571 1,677 1,667 1,452 1,563 1,463 4,962 4,796 6,367 5,941 Dividends Common 25 (746) (746) (706) (702) (655) (651) (613) (611) (585) (2,198) (1,919) (2,621) (2,316) Preferred 26 (38) (49) (49) (49) (49) (49) (49) (48) (43) (136) (147) (196) (180) Net premium on repurchase of common shares 27 (269) – – – – – – – – (269) – – – Share issue expenses 28 – – – – – – – (13) – – – – (13) Balance at end of period 29 24,122 23,674 22,772 21,763 20,943 19,970 19,003 18,213 17,322 24,122 20,943 21,763 18,213 Accumulated Other Comprehensive Income (loss) Balance at beginning of period 30 3,401 3,058 3,645 3,872 2,959 3,877 3,326 2,072 1,237 3,645 3,326 3,326 4,256 Net change in unrealized gains (losses) on AFS securities 31 (573) 59 (183) 58 260 72 136 (181) 107 (697) 468 526 (368) Net change in unrealized foreign currency translation gains (losses) on investment in subsidiaries, net of hedging activities 32 519 250 (49) (80) 330 (337) 125 989 202 720 118 38 (464) Net change in gains (losses) on derivatives designated as cash flow hedges 33 (697) 34 (355) (205) 323 (653) 290 446 526 (1,018) (40) (245) (98) Balance at end of period 34 2,650 3,401 3,058 3,645 3,872 2,959 3,877 3,326 2,072 2,650 3,872 3,645 3,326 Non-Controlling Interests in Subsidiaries 35 1,499 1,492 1,485 1,477 1,482 1,485 1,489 1,483 1,452 1,499 1,482 1,477 1,483 Total Equity 36 $ 50,918 $ 51,159 $ 49,780 $ 49,000 $ 48,067 $ 45,919 $ 45,548 $ 44,004 $ 40,920 $ 50,918 $ 48,067 $ 49,000 $ 44,004 NUMBER OF COMMON SHARES OUTSTANDING (thousands) Balance at beginning of period 37 922,067 920,546 916,130 911,670 908,216 903,728 900,998 888,844 886,093 916,130 900,998 900,998 878,497 Issued Options 38 1,270 429 868 841 342 1,774 904 758 473 2,567 3,020 3,861 4,941 Dividend reinvestment plan 39 924 946 3,263 3,503 3,273 2,828 2,319 2,354 2,221 5,133 8,420 11,923 8,614 New shares 40 – – – – – – – 9,200 – – – – 9,200 Purchase of shares for cancellation 41 (4,200) – – – – – – – – (4,200) – – – Impact of treasury shares1 42 (231) 146 285 116 (161) (114) (493) (158) 57 200 (768) (652) (254) Balance at end of period 43 919,830 922,067 920,546 916,130 911,670 908,216 903,728 900,998 888,844 919,830 911,670 916,130 900,998

1 The number of treasury common shares has been netted for the purpose of arriving at the total number of common shares considered for the calculation of EPS of the Bank.

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Change in Accumulated Other Comprehensive Income, Net of Income Taxes

($ millions) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 Unrealized Gains (Losses) on Available-for-Sale Securities Balance at beginning of period 1 $ 1,351 $ 1,292 $ 1,475 $ 1,417 $ 1,157 $ 1,085 $ 949 $ 1,130 $ 1,023 $ 1,475 $ 949 $ 949 $ 1,317 Change in unrealized gains (losses) 2 (544) 136 (93) 106 280 153 150 (157) 190 (501) 583 689 (246) Reclassification to earnings of losses (gains) 3 (29) (77) (90) (48) (20) (81) (14) (24) (83) (196) (115) (163) (122) Net change for the period 4 (573) 59 (183) 58 260 72 136 (181) 107 (697) 468 526 (368) Balance at end of period 5 778 1,351 1,292 1,475 1,417 1,157 1,085 949 1,130 778 1,417 1,475 949 Unrealized Foreign Currency Translation Gains (Losses) on Investments in Foreign Operations, Net of Hedging Activities Balance at beginning of period 6 (225) (475) (426) (346) (676) (339) (464) (1,453) (1,655) (426) (464) (464) – Investment in foreign operations 7 823 396 (87) (132) 574 (579) 229 1,620 335 1,132 224 92 (796) Hedging activities 8 (415) (198) 51 65 (325) 323 (139) (862) (180) (562) (141) (76) 450 Recovery of (provision for) income taxes 9 111 52 (13) (13) 81 (81) 35 231 47 150 35 22 (118) Net change for the period 10 519 250 (49) (80) 330 (337) 125 989 202 720 118 38 (464) Balance at end of period 11 294 (225) (475) (426) (346) (676) (339) (464) (1,453) 294 (346) (426) (464) Gains (losses) on Derivatives Designated as Cash Flow Hedges Balance at beginning of period 12 2,275 2,241 2,596 2,801 2,478 3,131 2,841 2,395 1,869 2,596 2,841 2,841 2,939 Change in gains (losses) 13 (251) 358 (58) 38 749 (563) 610 1,021 909 49 796 834 640 Reclassification to earnings of losses (gains) 14 (446) (324) (297) (243) (426) (90) (320) (575) (383) (1,067) (836) (1,079) (738) Net change for the period 15 (697) 34 (355) (205) 323 (653) 290 446 526 (1,018) (40) (245) (98) Balance at end of period 16 1,578 2,275 2,241 2,596 2,801 2,478 3,131 2,841 2,395 1,578 2,801 2,596 2,841 Accumulated Other Comprehensive Income at End of Period 17 $ 2,650 $ 3,401 $ 3,058 $ 3,645 $ 3,872 $ 2,959 $ 3,877 $ 3,326 $ 2,072 $ 2,650 $ 3,872 $ 3,645 $ 3,326

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Analysis of Change in Non-Controlling Interests and Investment in TD Ameritrade

($ millions) LINE 2013 2012 2011 Year to Date Full Year For the period ended # Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2013 2012 2012 2011 NON-CONTROLLING INTERESTS IN SUBSIDIARIES Balance at beginning of period 1 $ 1,492 $ 1,485 $ 1,477 $ 1,482 $ 1,485 $ 1,489 $ 1,483 $ 1,452 $ 1,461 $ 1,477 $ 1,483 $ 1,483 $ 1,493 On account of income 2 26 26 26 26 26 26 26 26 27 78 78 104 104 Foreign exchange and other adjustments 3 (19) (19) (18) (31) (29) (30) (20) 5 (36) (56) (79) (110) (114) Balance at end of period 4 $ 1,499 $ 1,492 $ 1,485 $ 1,477 $ 1,482 $ 1,485 $ 1,489 $ 1,483 $ 1,452 $ 1,499 $ 1,482 $ 1,477 $ 1,483 INVESTMENT IN TD AMERITRADE Balance at beginning of period 5 $ 5,337 $ 5,248 $ 5,344 $ 5,322 $ 5,196 $ 5,235 $ 5,159 $ 4,896 $ 4,803 $ 5,344 $ 5,159 $ 5,159 $ 5,438 Increase (decrease) in reported investment through direct ownership 6 (328) – – – – – – – – (328) – – (353) Decrease in reported investment through dividends received 7 (22) (22) (145) (15) (15) (15) (15) (12) (12) (189) (45) (60) (51) Equity in net income, net of income taxes 8 75 57 59 57 62 54 61 64 59 191 177 234 246 Foreign exchange and other adjustments 9 101 54 (10) (20) 79 (78) 30 211 46 145 31 11 (121) Balance at end of period 10 $ 5,163 $ 5,337 $ 5,248 $ 5,344 $ 5,322 $ 5,196 $ 5,235 $ 5,159 $ 4,896 $ 5,163 $ 5,322 $ 5,344 $ 5,159

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39

Derivatives – Notional Principal

($ billions) LINE 2013 2013 2013 As at # Q3 Q2 Q1

Trading Trading Trading Over-the-counter1

Clearing Non-

Clearing Exchange- Non- Over-the- Exchange- Non- Over-the- Exchange- Non- house2 house traded Total trading Total counter1 traded Total trading Total counter1 traded Total trading Total Interest Rate Contracts Futures 1 $ – $ – $ 128.8 $ 128.8 $ – $ 128.8 $ – $ 283.6 $ 283.6 $ – $ 283.6 $ – $ 320.9 $ 320.9 $ – $ 320.9 Forward rate agreements 2 119.4 54.0 – 173.4 2.6 176.0 121.5 – 121.5 3.4 124.9 80.6 – 80.6 3.0 83.6 Swaps 3 1,612.8 882.7 – 2,495.5 358.6 2,854.1 2,229.8 – 2,229.8 321.7 2,551.5 2,047.0 – 2,047.0 308.3 2,355.3 Options written 4 – 20.5 12.4 32.9 0.3 33.2 20.0 16.7 36.7 0.4 37.1 23.3 17.4 40.7 0.4 41.1 Options purchased 5 – 19.6 18.0 37.6 3.1 40.7 21.7 18.7 40.4 5.6 46.0 20.8 11.2 32.0 4.1 36.1 6 1,732.2 976.8 159.2 2,868.2 364.6 3,232.8 2,393.0 319.0 2,712.0 331.1 3,043.1 2,171.7 349.5 2,521.2 315.8 2,837.0 Foreign Exchange Contracts Futures 7 – – 24.9 24.9 – 24.9 – 35.8 35.8 – 35.8 – 26.4 26.4 – 26.4 Forward contracts 8 – 354.5 – 354.5 45.2 399.7 374.2 – 374.2 39.4 413.6 399.4 – 399.4 37.7 437.1 Swaps 9 – 0.3 – 0.3 – 0.3 10.8 – 10.8 0.7 11.5 0.5 – 0.5 0.2 0.7 Cross-currency interest rate swaps 10 – 398.9 – 398.9 29.3 428.2 383.3 – 383.3 25.9 409.2 393.9 – 393.9 24.9 418.8 Options written 11 – 11.6 – 11.6 – 11.6 11.6 – 11.6 – 11.6 12.1 – 12.1 – 12.1 Options purchased 12 – 11.5 – 11.5 – 11.5 10.3 – 10.3 – 10.3 11.2 – 11.2 – 11.2 13 – 776.8 24.9 801.7 74.5 876.2 790.2 35.8 826.0 66.0 892.0 817.1 26.4 843.5 62.8 906.3 Credit Derivative Contracts Credit default swaps Protection purchased 14 – 3.7 – 3.7 4.9 8.6 2.7 – 2.7 4.7 7.4 2.5 – 2.5 4.5 7.0 Protection sold 15 – 2.7 – 2.7 – 2.7 1.5 – 1.5 – 1.5 1.5 – 1.5 – 1.5 16 – 6.4 – 6.4 4.9 11.3 4.2 – 4.2 4.7 8.9 4.0 – 4.0 4.5 8.5 Other Contracts Equity contracts 17 – 51.9 28.0 79.9 32.2 112.1 56.5 13.2 69.7 30.6 100.3 40.8 11.6 52.4 30.1 82.5 Commodity contracts 18 – 8.5 11.5 20.0 – 20.0 8.4 13.5 21.9 – 21.9 8.2 13.2 21.4 – 21.4 19 – 60.4 39.5 99.9 32.2 132.1 64.9 26.7 91.6 30.6 122.2 49.0 24.8 73.8 30.1 103.9 Total 20 $ 1,732.2 $ 1,820.4 $ 223.6 $ 3,776.2 $ 476.2 $ 4,252.4 $ 3,252.3 $ 381.5 $ 3,633.8 $ 432.4 $ 4,066.2 $ 3,041.8 $ 400.7 $ 3,442.5 $ 413.2 $ 3,855.7 2012 2012 2012 Q4 Q3 Q2

Trading Trading Trading Over-the- Exchange- Non- Over-the- Exchange- Non- Over-the- Exchange- Non- counter1 traded Total trading Total counter1 traded Total trading Total counter1 traded Total trading Total Interest Rate Contracts Futures 21 $ – $ 285.0 $ 285.0 $ – $ 285.0 $ – $ 204.0 $ 204.0 $ – $ 204.0 $ – $ 283.9 $ 283.9 $ – $ 283.9 Forward rate agreements 22 85.0 – 85.0 2.9 87.9 118.5 – 118.5 4.8 123.3 80.7 – 80.7 8.8 89.5 Swaps 23 2,003.5 – 2,003.5 308.4 2,311.9 1,980.8 – 1,980.8 315.2 2,296.0 1,763.1 – 1,763.1 336.0 2,099.1 Options written 24 24.9 31.7 56.6 0.6 57.2 24.9 38.1 63.0 1.5 64.5 21.8 19.2 41.0 0.6 41.6 Options purchased 25 19.2 26.1 45.3 4.6 49.9 21.6 42.0 63.6 4.5 68.1 21.3 12.9 34.2 4.2 38.4 26 2,132.6 342.8 2,475.4 316.5 2,791.9 2,145.8 284.1 2,429.9 326.0 2,755.9 1,886.9 316.0 2,202.9 349.6 2,552.5 Foreign Exchange Contracts Futures 27 – 28.7 28.7 – 28.7 – 25.1 25.1 – 25.1 – 35.0 35.0 – 35.0 Forward contracts 28 374.4 – 374.4 37.4 411.8 404.1 – 404.1 33.6 437.7 394.9 – 394.9 32.7 427.6 Swaps 29 1.2 – 1.2 0.1 1.3 1.2 – 1.2 1.1 2.3 1.2 – 1.2 – 1.2 Cross-currency interest rate swaps 30 388.3 – 388.3 28.6 416.9 383.0 – 383.0 27.1 410.1 381.6 – 381.6 27.2 408.8 Options written 31 13.6 – 13.6 – 13.6 16.3 – 16.3 – 16.3 19.1 – 19.1 – 19.1 Options purchased 32 12.8 – 12.8 – 12.8 14.4 – 14.4 – 14.4 18.2 – 18.2 – 18.2 33 790.3 28.7 819.0 66.1 885.1 819.0 25.1 844.1 61.8 905.9 815.0 35.0 850.0 59.9 909.9 Credit Derivative Contracts Credit default swaps Protection purchased 34 2.7 – 2.7 4.3 7.0 2.9 – 2.9 4.5 7.4 3.3 – 3.3 4.7 8.0 Protection sold 35 1.7 – 1.7 – 1.7 1.9 – 1.9 – 1.9 2.1 – 2.1 – 2.1 36 4.4 – 4.4 4.3 8.7 4.8 – 4.8 4.5 9.3 5.4 – 5.4 4.7 10.1 Other Contracts Equity contracts 37 45.3 12.5 57.8 28.5 86.3 41.0 13.2 54.2 28.1 82.3 40.5 12.0 52.5 26.9 79.4 Commodity contracts 38 8.1 11.2 19.3 – 19.3 8.0 10.1 18.1 – 18.1 7.9 15.7 23.6 – 23.6 39 53.4 23.7 77.1 28.5 105.6 49.0 23.3 72.3 28.1 100.4 48.4 27.7 76.1 26.9 103.0 Total 40 $ 2,980.7 $ 395.2 $ 3,375.9 $ 415.4 $ 3,791.3 $ 3,018.6 $ 332.5 $ 3,351.1 $ 420.4 $ 3,771.5 $ 2,755.7 $ 378.7 $ 3,134.4 $ 441.1 $ 3,575.5

1 Collateral held under a Credit Support Annex (CSA) to help reduce counterparty credit risk is in the form of high quality and liquid assets such as cash and high quality government securities. Acceptable collateral is governed by the Collateralized Trading Policy. 2 Derivatives executed through a central clearing house reduces settlement risk due to the ability to net settle offsetting positions. The Bank also receives preferential capital treatment relative to those settled with non-central clearing house counterparties.

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Derivatives – Credit Exposure

($ millions) LINE 2013 2013 2013 As at # Q3 Q2 Q1

Current Credit Risk- Current Credit Risk- Current Credit Risk-

replacement equivalent weighted replacement equivalent weighted replacement equivalent weighted

cost1 amount amount cost1 amount amount cost1 amount amount

Interest Rate Contracts

Forward rate agreements 1 $ 21 $ 42 $ 10 $ 27 $ 17 $ 4 $ 952 $ 1,152 $ 1,126

Swaps 2 24,186 31,099 17,623 34,288 41,416 24,632 31,146 38,278 22,619

Options purchased 3 646 760 426 791 918 525 735 841 465

4 24,853 31,901 18,059 35,106 42,351 25,161 32,833 40,271 24,210

Foreign Exchange Contracts

Forward contracts 5 3,947 9,395 2,333 6,025 11,151 2,646 7,315 12,858 2,920

Swaps 6 214 306 97 464 952 364 320 390 76

Cross-currency interest rate swaps 7 10,397 30,753 12,574 7,851 27,803 12,260 8,610 28,852 12,688

Options purchased 8 215 418 151 205 412 160 188 411 155

9 14,773 40,872 15,155 14,545 40,318 15,430 16,433 42,511 15,839

Other Contracts

Credit derivatives 10 42 395 239 21 272 154 23 264 148

Equity contracts 11 8,946 13,375 948 9,364 13,996 959 9,030 12,566 1,177

Commodity contracts 12 390 1,083 319 329 964 298 329 950 289

13 9,378 14,853 1,506 9,714 15,232 1,411 9,382 13,780 1,614

Total 14 49,004 87,626 34,720 59,365 97,901 42,002 58,648 96,562 41,663

Less: impact of master netting agreements 15 40,688 60,306 23,994 46,128 63,809 27,917 45,696 63,308 28,045

Total after netting 16 8,316 27,320 10,726 13,237 34,092 14,085 12,952 33,254 13,618

Less: impact of collateral 17 2,875 3,799 2,933 7,224 8,617 5,103 6,797 6,686 4,276

Net 18 5,441 23,521 7,793 6,013 25,475 8,982 6,155 26,568 9,342

Qualifying Central Counterparty (QCCP) Contracts2 19 6 4,117 579 36 3,579 457 6 2,993 549

Total 20 $ 5,447 $ 27,638 $ 8,372 $ 6,049 $ 29,054 $ 9,439 $ 6,161 $ 29,561 $ 9,891

2012 2012 2012

Q4 Q3 Q2

Current Credit Risk- Current Credit Risk- Current Credit Risk-

replacement equivalent weighted replacement equivalent weighted replacement equivalent weighted

cost1 amount amount cost1 amount amount cost1 amount amount

Interest Rate Contracts

Forward rate agreements 21 $ 26 $ 43 $ 7 $ 44 $ 74 $ 13 $ 32 $ 71 $ 15

Swaps 22 37,714 60,209 20,500 40,561 62,333 21,856 34,427 50,999 18,550

Options purchased 23 866 980 403 913 1,030 438 758 863 357

24 38,606 61,232 20,910 41,518 63,437 22,307 35,217 51,933 18,922

Foreign Exchange Contracts

Forward contracts 25 4,523 10,021 1,846 6,118 11,892 2,356 4,778 10,507 2,157

Swaps 26 179 298 28 179 284 25 185 235 9

Cross-currency interest rate swaps 27 8,344 28,408 9,584 11,000 30,961 10,561 8,231 28,114 9,224

Options purchased 28 186 447 135 280 531 148 333 612 146

29 13,232 39,174 11,593 17,577 43,668 13,090 13,527 39,468 11,536

Other Contracts

Credit derivatives 30 18 290 117 13 333 133 18 372 144

Equity contracts 31 8,217 11,904 904 6,692 10,214 1,063 5,848 9,300 1,063

Commodity contracts 32 402 1,048 294 470 1,066 281 670 1,278 329

33 8,637 13,242 1,315 7,175 11,613 1,477 6,536 10,950 1,536

Total 34 60,475 113,648 33,818 66,270 118,718 36,874 55,280 102,351 31,994

Less: impact of master netting agreements 35 48,084 78,727 24,295 47,852 77,236 26,250 41,171 66,325 22,511

Total after netting 36 12,391 34,921 9,523 18,418 41,482 10,624 14,109 36,026 9,483

Less: impact of collateral 37 6,020 6,191 2,165 8,689 8,862 2,680 6,831 7,315 2,006

Net 38 $ 6,371 $ 28,730 $ 7,358 $ 9,729 $ 32,620 $ 7,944 $ 7,278 $ 28,711 $ 7,477

1 Prior to Q1 2013, exchange-traded instruments and non-trading credit derivatives, which are given financial guarantee treatment for credit risk capital purposes, were excluded in accordance with OSFI's guidelines. 2 Effective Q1 2013, RWA for OSFI "deemed" QCCP derivative exposures are calculated in accordance with the Basel III regulatory framework, which takes into account both trade exposures and default fund exposures related to derivatives, and are

presented based on the “all-in” methodology. The amounts calculated are net of master netting agreements and collateral.

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41

Gross Credit Risk Exposure1

($ millions) LINE 2013 2013 As at # Q3 Q2 Repo-style OTC Other off- Repo-style OTC Other off- By Counterparty Type Drawn Undrawn transactions derivatives balance sheet Total Drawn Undrawn transactions derivatives balance sheet Total Retail Residential secured 1 $ 243,441 $ 20,921 $ – $ – $ – $ 264,362 $ 238,697 $ 21,277 $ – $ – $ – $ 259,974 Qualifying revolving retail 2 14,750 28,642 – – – 43,392 14,650 28,864 – – – 43,514 Other retail 3 68,944 5,147 – – 27 74,118 66,390 5,146 – – 29 71,565 4 327,135 54,710 – – 27 381,872 319,737 55,287 – – 29 375,053 Non-retail2 Corporate 5 105,254 33,234 53,259 6,514 11,245 209,506 103,737 31,679 62,614 7,015 11,052 216,097 Sovereign 6 76,088 1,089 11,662 5,719 457 95,015 69,569 1,312 11,526 5,197 318 87,922 Bank 7 31,080 951 53,061 15,087 1,946 102,125 29,871 859 58,133 21,880 2,164 112,907 8 212,422 35,274 117,982 27,320 13,648 406,646 203,177 33,850 132,273 34,092 13,534 416,926 Total 9 $ 539,557 $ 89,984 $ 117,982 $ 27,320 $ 13,675 $ 788,518 $ 522,914 $ 89,137 $ 132,273 $ 34,092 $ 13,563 $ 791,979 By Country of Risk Canada 10 $ 342,147 $ 69,548 $ 38,034 $ 10,950 $ 5,224 $ 465,903 $ 331,160 $ 69,821 $ 53,084 $ 11,233 $ 5,075 $ 470,373 United States 11 152,558 18,068 40,102 5,912 7,786 224,426 150,140 17,271 39,488 7,215 7,743 221,857 International Europe 12 29,976 1,897 29,202 7,968 513 69,556 28,142 1,526 31,721 11,249 542 73,180 Other 13 14,876 471 10,644 2,490 152 28,633 13,472 519 7,980 4,395 203 26,569 14 44,852 2,368 39,846 10,458 665 98,189 41,614 2,045 39,701 15,644 745 99,749 Total 15 $ 539,557 $ 89,984 $ 117,982 $ 27,320 $ 13,675 $ 788,518 $ 522,914 $ 89,137 $ 132,273 $ 34,092 $ 13,563 $ 791,979 By Residual Contractual Maturity Within 1 year 16 $ 187,411 $ 59,354 $ 116,535 $ 5,991 $ 6,092 $ 375,383 $ 182,691 $ 59,474 $ 130,551 $ 6,889 $ 6,308 $ 385,913 Over 1 year to 5 years 17 248,333 29,827 1,447 12,792 7,127 299,526 238,044 28,235 1,722 14,930 6,795 289,726 Over 5 years 18 103,813 803 – 8,537 456 113,609 102,179 1,428 – 12,273 460 116,340 Total 19 $ 539,557 $ 89,984 $ 117,982 $ 27,320 $ 13,675 $ 788,518 $ 522,914 $ 89,137 $ 132,273 $ 34,092 $ 13,563 $ 791,979 Non-Retail Exposures by Industry Sector Real estate Residential 20 $ 16,298 $ 1,372 $ – $ 66 $ 1,200 $ 18,936 $ 16,060 $ 1,313 $ – $ 99 $ 1,209 $ 18,681 Non-residential 21 20,327 1,671 – 319 270 22,587 19,991 1,721 – 484 292 22,488 Total real-estate 22 36,625 3,043 – 385 1,470 41,523 36,051 3,034 – 583 1,501 41,169 Agriculture 23 2,940 213 – 13 41 3,207 2,800 161 – 13 30 3,004 Automotive 24 3,898 2,114 – 270 67 6,349 3,678 1,888 – 254 66 5,886 Financial 25 27,618 2,873 98,786 18,425 1,348 149,050 25,791 2,552 114,611 25,148 1,513 169,615 Food, beverage, and tobacco 26 2,839 1,661 – 109 399 5,008 2,702 1,970 – 87 421 5,180 Forestry 27 1,260 402 15 18 75 1,770 1,220 385 3 19 74 1,701 Government, public sector entities, and education 28 89,005 2,211 15,131 5,958 3,590 115,895 83,312 2,363 12,971 5,507 3,479 107,632 Health and social services 29 8,461 561 39 178 1,810 11,049 8,055 671 5 242 1,749 10,722 Industrial construction and trade contractors 30 2,510 748 – 23 543 3,824 2,377 685 – 33 554 3,649 Metals and mining 31 1,945 1,800 5 68 211 4,029 2,031 1,817 5 53 199 4,105 Pipelines, oil, and gas 32 2,996 5,406 – 539 781 9,722 3,018 5,355 – 503 744 9,620 Power and utilities 33 2,933 3,229 – 244 1,511 7,917 2,713 3,119 – 307 1,421 7,560 Professional and other services 34 7,128 1,707 – 111 310 9,256 7,129 1,526 – 183 305 9,143 Retail sector 35 3,410 1,260 – 56 116 4,842 3,333 1,178 – 70 127 4,708 Sundry manufacturing and wholesale 36 5,219 3,443 – 108 247 9,017 5,282 3,045 315 132 243 9,017 Telecommunications, cable, and media 37 3,138 2,336 – 291 197 5,962 2,897 2,157 – 271 158 5,483 Transportation 38 4,945 1,042 – 419 769 7,175 4,218 992 – 580 823 6,613 Other 39 5,552 1,225 4,006 105 163 11,051 6,570 952 4,363 107 127 12,119 Total 40 $ 212,422 $ 35,274 $ 117,982 $ 27,320 $ 13,648 $ 406,646 $ 203,177 $ 33,850 $ 132,273 $ 34,092 $ 13,534 $ 416,926

1 Gross credit risk exposure is before credit risk mitigants. This table excludes securitization, equity and other credit RWA. 2 Effective Q1 2013, non-retail exposures do not include OSFI "deemed" QCCP exposures as these are instead included with "other credit risk-weighted assets", in accordance with the Basel III regulatory framework. Prior to Q1 2013, non-retail exposures included QCCP exposures, in accordance with the Basel II regulatory framework.

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Gross Credit Risk Exposure (Continued)1

($ millions) LINE 2013 2012 As at # Q1 Q4 Repo-style OTC Other off- Repo-style OTC Other off- By Counterparty Type Drawn Undrawn transactions derivatives balance sheet Total Drawn Undrawn transactions derivatives balance sheet Total Retail Residential secured 1 $ 236,588 $ 21,025 $ – $ – $ – $ 257,613 $ 235,335 $ 21,368 $ – $ – $ – $ 256,703 Qualifying revolving retail 2 14,655 28,239 – – – 42,894 14,772 28,401 – – – 43,173 Other retail 3 59,789 5,164 – – 29 64,982 58,371 5,230 – – 27 63,628 4 311,032 54,428 – – 29 365,489 308,478 54,999 – – 27 363,504 Non-retail2 Corporate 5 99,437 30,907 57,999 6,204 10,891 205,438 95,905 29,822 53,004 6,918 11,259 196,908 Sovereign 6 75,444 1,250 16,475 5,643 312 99,124 72,117 1,400 16,854 8,238 320 98,929 Bank 7 29,393 895 60,575 21,407 2,407 114,677 31,304 832 89,557 19,765 2,271 143,729 8 204,274 33,052 135,049 33,254 13,610 419,239 199,326 32,054 159,415 34,921 13,850 439,566 Total 9 $ 515,306 $ 87,480 $ 135,049 $ 33,254 $ 13,639 $ 784,728 $ 507,804 $ 87,053 $ 159,415 $ 34,921 $ 13,877 $ 803,070 By Country of Risk Canada 10 $ 324,739 $ 68,930 $ 47,798 $ 10,759 $ 5,076 $ 457,302 $ 327,067 $ 68,641 $ 48,240 $ 10,626 $ 5,133 $ 459,707 United States 11 150,271 16,535 39,706 7,399 7,852 221,763 142,257 16,298 61,460 7,519 8,063 235,597 International Europe 12 27,945 1,690 38,714 10,602 501 79,452 27,414 1,700 41,489 12,600 497 83,700 Other 13 12,351 325 8,831 4,494 210 26,211 11,066 414 8,226 4,176 184 24,066 14 40,296 2,015 47,545 15,096 711 105,663 38,480 2,114 49,715 16,776 681 107,766 Total 15 $ 515,306 $ 87,480 $ 135,049 $ 33,254 $ 13,639 $ 784,728 $ 507,804 $ 87,053 $ 159,415 $ 34,921 $ 13,877 $ 803,070 By Residual Contractual Maturity Within 1 year 16 $ 179,008 $ 59,200 $ 131,902 $ 7,230 $ 6,006 $ 383,346 $ 175,864 $ 60,309 $ 156,419 $ 6,264 $ 5,611 $ 404,467 Over 1 year to 5 years 17 238,276 27,555 3,147 14,427 7,124 290,529 224,343 24,667 2,996 15,429 7,211 274,646 Over 5 years 18 98,022 725 – 11,597 509 110,853 107,597 2,077 – 13,228 1,055 123,957 Total 19 $ 515,306 $ 87,480 $ 135,049 $ 33,254 $ 13,639 $ 784,728 $ 507,804 $ 87,053 $ 159,415 $ 34,921 $ 13,877 $ 803,070 Non-Retail Exposures by Industry Sector Real estate Residential 20 $ 15,764 $ 1,323 $ – $ 95 $ 1,194 $ 18,376 $ 16,110 $ 1,103 $ – $ 111 $ 1,090 $ 18,414 Non-residential 21 19,608 1,679 21 407 288 22,003 18,377 1,495 21 435 356 20,684 Total real-estate 22 35,372 3,002 21 502 1,482 40,379 34,487 2,598 21 546 1,446 39,098 Agriculture 23 2,699 187 – 17 31 2,934 2,487 228 – 17 29 2,761 Automotive 24 3,079 1,840 – 219 61 5,199 2,963 1,435 – 323 57 4,778 Financial 25 25,157 2,551 112,284 23,945 1,569 165,506 32,287 2,507 137,056 22,559 1,722 196,131 Food, beverage, and tobacco 26 2,698 1,990 – 87 371 5,146 3,241 2,022 – 124 369 5,756 Forestry 27 1,159 379 1 26 79 1,644 1,241 404 8 31 85 1,769 Government, public sector entities, and education 28 88,620 2,336 17,485 5,930 3,467 117,838 79,093 2,539 17,509 8,528 3,331 111,000 Health and social services 29 7,894 586 44 258 1,843 10,625 8,739 785 46 305 1,997 11,872 Industrial construction and trade contractors 30 2,202 735 – 30 548 3,515 2,320 776 – 34 651 3,781 Metals and mining 31 1,764 1,542 – 53 183 3,542 1,877 1,509 21 51 231 3,689 Pipelines, oil, and gas 32 3,302 5,292 – 516 867 9,977 3,294 5,157 – 525 689 9,665 Power and utilities 33 2,687 3,032 – 346 1,343 7,408 2,594 2,799 – 421 1,480 7,294 Professional and other services 34 6,928 1,427 – 151 299 8,805 5,818 1,479 – 148 314 7,759 Retail sector 35 3,139 1,181 – 67 124 4,511 2,600 1,116 – 60 164 3,940 Sundry manufacturing and wholesale 36 4,941 2,889 380 129 234 8,573 4,802 2,626 225 128 231 8,012 Telecommunications, cable, and media 37 3,042 2,194 3 374 163 5,776 2,712 2,277 – 374 223 5,586 Transportation 38 4,181 993 – 485 818 6,477 4,543 835 – 645 688 6,711 Other 39 5,410 896 4,831 119 128 11,384 4,228 962 4,529 102 143 9,964 Total 40 $ 204,274 $ 33,052 $ 135,049 $ 33,254 $ 13,610 $ 419,239 $ 199,326 $ 32,054 $ 159,415 $ 34,921 $ 13,850 $ 439,566 1 Gross credit risk exposure is before credit risk mitigants. This table excludes securitization, equity and other credit RWA. 2 Effective Q1 2013, non-retail exposures do not include OSFI "deemed" QCCP exposures as these are instead included with "other credit risk-weighted assets", in accordance with the Basel III regulatory framework. Prior to Q1 2013, non-retail exposures included QCCP exposures, in accordance with the Basel II regulatory framework.

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Gross Credit Risk Exposure (Continued)1,2

($ millions) LINE 2012 2012 As at # Q3 Q2 Repo-style OTC Other off- Repo-style OTC Other off- By Counterparty Type Drawn Undrawn transactions derivatives balance sheet Total Drawn Undrawn transactions derivatives balance sheet Total Retail Residential secured 1 $ 230,875 $ 21,195 $ – $ – $ – $ 252,070 $ 225,210 $ 21,161 $ – $ – $ – $ 246,371 Qualifying revolving retail 2 14,775 27,632 – – – 42,407 14,875 28,384 – – – 43,259 Other retail 3 57,979 5,496 – – 29 63,504 55,743 5,606 – – 30 61,379 4 303,629 54,323 – – 29 357,981 295,828 55,151 – – 30 351,009 Non-retail Corporate 5 94,568 29,214 52,133 10,704 10,701 197,320 91,410 27,662 56,878 9,217 10,082 195,249 Sovereign 6 69,453 910 12,894 8,640 294 92,191 64,537 935 18,613 7,307 280 91,672 Bank 7 31,365 1,066 82,719 22,138 2,384 139,672 32,185 997 82,757 19,502 2,313 137,754 8 195,386 31,190 147,746 41,482 13,379 429,183 188,132 29,594 158,248 36,026 12,675 424,675 Total 9 $ 499,015 $ 85,513 $ 147,746 $ 41,482 $ 13,408 $ 787,164 $ 483,960 $ 84,745 $ 158,248 $ 36,026 $ 12,705 $ 775,684

By Country of Risk Canada 10 $ 322,223 $ 67,913 $ 56,852 $ 14,488 $ 5,023 $ 466,499 $ 316,408 $ 68,309 $ 52,140 $ 13,283 $ 4,713 $ 454,853 United States 11 136,016 15,289 46,515 8,314 7,816 213,950 129,734 14,036 59,710 7,378 7,335 218,193 International Europe 12 28,558 1,866 37,227 13,638 406 81,695 26,438 1,923 34,277 11,624 483 74,745 Other 13 12,218 445 7,152 5,042 163 25,020 11,380 477 12,121 3,741 174 27,893 14 40,776 2,311 44,379 18,680 569 106,715 37,818 2,400 46,398 15,365 657 102,638 Total 15 $ 499,015 $ 85,513 $ 147,746 $ 41,482 $ 13,408 $ 787,164 $ 483,960 $ 84,745 $ 158,248 $ 36,026 $ 12,705 $ 775,684

By Residual Contractual Maturity Within 1 year 16 $ 179,157 $ 59,908 $ 143,338 $ 9,507 $ 5,737 $ 397,647 $ 177,711 $ 60,665 $ 156,262 $ 7,738 $ 5,599 $ 407,975 Over 1 year to 5 years 17 219,566 24,552 4,408 17,294 6,953 272,773 215,687 23,067 1,986 15,704 6,424 262,868 Over 5 years 18 100,292 1,053 – 14,681 718 116,744 90,562 1,013 – 12,584 682 104,841 Total 19 $ 499,015 $ 85,513 $ 147,746 $ 41,482 $ 13,408 $ 787,164 $ 483,960 $ 84,745 $ 158,248 $ 36,026 $ 12,705 $ 775,684 2012 2011 Q1 Q4 Repo-style OTC Other off- Repo-style OTC Other off- By Counterparty Type Drawn Undrawn transactions derivatives balance sheet Total Drawn Undrawn transactions derivatives balance sheet Total Retail Residential secured 20 $ 221,573 $ 21,118 $ – $ – $ – $ 242,691 $ 157,455 $ 20,903 $ – $ – $ – $ 178,358 Qualifying revolving retail 21 14,917 27,565 – – – 42,482 15,145 27,591 – – – 42,736 Other retail 22 55,031 5,673 – – 30 60,734 49,941 5,688 – – 30 55,659 23 291,521 54,356 – – 30 345,907 222,541 54,182 – – 30 276,753 Non-retail Corporate 24 89,719 26,604 48,288 10,042 10,428 185,081 87,094 25,729 45,893 7,430 10,311 176,457 Sovereign 25 55,186 732 11,423 6,589 278 74,208 74,601 974 6,219 5,969 228 87,991 Bank 26 40,816 916 78,147 22,775 2,353 145,007 46,178 731 69,558 21,354 2,225 140,046 27 185,721 28,252 137,858 39,406 13,059 404,296 207,873 27,434 121,670 34,753 12,764 404,494 Total 28 $ 477,242 $ 82,608 $ 137,858 $ 39,406 $ 13,089 $ 750,203 $ 430,414 $ 81,616 $ 121,670 $ 34,753 $ 12,794 $ 681,247

By Country of Risk Canada 29 $ 312,536 $ 66,725 $ 49,639 $ 14,059 $ 4,833 $ 447,792 $ 255,781 $ 66,101 $ 49,486 $ 12,104 $ 4,781 $ 388,253 United States 30 121,856 13,660 52,714 7,268 7,542 203,040 132,154 13,103 49,831 6,992 7,340 209,420 International Europe 31 31,916 1,732 24,682 13,180 592 72,102 31,251 1,744 20,120 11,721 543 65,379 Other 32 10,934 491 10,823 4,899 122 27,269 11,228 668 2,233 3,936 130 18,195 33 42,850 2,223 35,505 18,079 714 99,371 42,479 2,412 22,353 15,657 673 83,574 Total 34 $ 477,242 $ 82,608 $ 137,858 $ 39,406 $ 13,089 $ 750,203 $ 430,414 $ 81,616 $ 121,670 $ 34,753 $ 12,794 $ 681,247

By Residual Contractual Maturity Within 1 year 35 $ 188,833 $ 59,488 $ 137,858 $ 8,248 $ 6,131 $ 400,558 $ 166,906 $ 59,911 $ 121,670 $ 7,314 $ 6,401 $ 362,202 Over 1 year to 5 years 36 205,558 22,570 – 17,468 6,303 251,899 177,396 20,411 – 15,593 5,533 218,933 Over 5 years 37 82,851 550 – 13,690 655 97,746 86,112 1,294 – 11,846 860 100,112 Total 38 $ 477,242 $ 82,608 $ 137,858 $ 39,406 $ 13,089 $ 750,203 $ 430,414 $ 81,616 $ 121,670 $ 34,753 $ 12,794 $ 681,247 1 Gross credit risk exposure is before credit risk mitigants. This table excludes securitization, equity and other credit RWA. 2 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP.

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Exposures Covered By Credit Risk Mitigation1

($ millions) LINE 2013 2013 2013 2012 As at # Q3 Q2 Q1 Q4

Standardized AIRB2 Standardized AIRB2 Standardized AIRB2 Standardized AIRB2

Eligible Guarantees / Guarantees / Eligible Guarantees / Guarantees / Eligible Guarantees / Guarantees / Eligible Guarantees / Guarantees /

financial credit credit financial credit credit financial credit credit financial credit credit

By Counterparty Type collateral3 derivatives derivatives collateral3 derivatives derivatives collateral3 derivatives derivatives collateral3 derivatives derivatives

Retail

Residential secured 1 $ – $ 255 $ 152,942 $ – $ 236 $ 156,182 $ – $ 343 $ 157,370 $ – $ 336 $ 158,316

Qualifying revolving retail 2 – – – – – – – – – – – –

Other retail 3 – 377 – – 395 – – 460 – – 500 –

4 – 632 152,942 – 631 156,182 – 803 157,370 – 836 158,316

Non-retail

Corporate 5 93 3,866 15,013 92 3,171 14,831 92 3,202 14,537 93 3,196 14,494

Sovereign 6 – – 329 – – 186 – – 341 – – 312

Bank 7 1,589 5,805 2,139 1,451 6,400 2,419 1,759 6,139 2,427 1,466 6,435 3,069

8 1,682 9,671 17,481 1,543 9,571 17,436 1,851 9,341 17,305 1,559 9,631 17,875

Gross Credit Risk Exposure 9 $ 1,682 $ 10,303 $ 170,423 $ 1,543 $ 10,202 $ 173,618 $ 1,851 $ 10,144 $ 174,675 $ 1,559 $ 10,467 $ 176,191

2012 2012 2012 2011 Q3 Q2 Q1 Q4

Standardized AIRB2 Standardized AIRB2 Standardized AIRB2 Standardized AIRB2

Eligible Guarantees / Guarantees / Eligible Guarantees / Guarantees / Eligible Guarantees / Guarantees / Eligible Guarantees / Guarantees /

financial credit credit financial credit credit financial credit credit financial credit credit

By Counterparty Type collateral3 derivatives derivatives collateral3 derivatives derivatives collateral3 derivatives derivatives collateral3 derivatives derivatives

Retail

Residential secured 10 $ – $ 314 $ 157,669 $ – $ 280 $ 155,199 $ – $ 278 $ 156,036 $ – $ 274 $ 89,421

Qualifying revolving retail 11 – – – – – – – – – – – –

Other retail 12 – 539 – – 552 – – 581 – – 609 –

13 – 853 157,669 – 832 155,199 – 859 156,036 – 883 89,421

Non-retail

Corporate 14 93 3,134 13,997 92 2,853 13,965 94 2,831 14,864 94 2,519 14,850

Sovereign 15 – – 311 – – 330 – – 290 – – 281

Bank 16 1,486 5,784 2,986 – 6,740 4,604 – 10,039 8,523 – 10,405 10,956

17 1,579 8,918 17,294 92 9,593 18,899 94 12,870 23,677 94 12,924 26,087

Gross Credit Risk Exposure 18 $ 1,579 $ 9,771 $ 174,963 $ 92 $ 10,425 $ 174,098 $ 94 $ 13,729 $ 179,713 $ 94 $ 13,807 $ 115,508

2011 Q3

Standardized AIRB2

Eligible Guarantees / Guarantees / financial credit credit By Counterparty Type collateral3 derivatives derivatives

Retail Residential secured 19 $ – $ 269 $ 89,043 Qualifying revolving retail 20 – – – Other retail 21 – 618 –

22 – 887 89,043

Non-retail Corporate 23 89 2,194 14,113 Sovereign 24 – – 258 Bank 25 – 10,072 10,704

26 89 12,266 25,075

Gross Credit Risk Exposure 27 $ 89 $ 13,153 $ 114,118

1 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 2 For exposures under the AIRB Approach, eligible financial collateral is taken into account in the Bank's Loss Given Default (LGD) models. Separate disclosure of eligible financial collateral is, therefore, not required. 3 For exposures under the Standardized Approach, eligible financial collateral can include cash, gold, highly rated debt securities and equities listed on the main index.

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Standardized Credit Risk Exposures1,2

($ millions) LINE 2013 2013 As at # Q3 Q2

Risk-weight Risk-weight By Counterparty Type 0% 20% 35% 50% 75% 100% 150% Total 0% 20% 35% 50% 75% 100% 150% Total Retail Residential secured 1 $ 109 $ 146 $ 22,318 $ – $ 2,231 $ 282 $ – $ 25,086 $ 85 $ 151 $ 21,323 $ – $ 2,442 $ 272 $ – $ 24,273 Other retail3 2 51 326 – – 39,101 – 429 39,907 50 345 – – 37,017 – 420 37,832 3 160 472 22,318 – 41,332 282 429 64,993 135 496 21,323 – 39,459 272 420 62,105 Non-retail Corporate 4 3,728 231 – – – 61,004 871 65,834 3,030 233 – – – 59,568 888 63,719 Sovereign 5 9,517 13,065 – – – – – 22,582 14,883 10,655 – – – – – 25,538 Bank 6 7,393 9,890 – – – 24 10 17,317 7,851 9,370 – 1 – 16 11 17,249 7 20,638 23,186 – – – 61,028 881 105,733 25,764 20,258 – 1 – 59,584 899 106,506 Total 8 $ 20,798 $ 23,658 $ 22,318 $ – $ 41,332 $ 61,310 $ 1,310 $ 170,726 $ 25,899 $ 20,754 $ 21,323 $ 1 $ 39,459 $ 59,856 $ 1,319 $ 168,611 2013 2012 Q1 Q4 Risk-weight Risk-weight By Counterparty Type 0% 20% 35% 50% 75% 100% 150% Total 0% 20% 35% 50% 75% 100% 150% Total Retail Residential secured 9 $ 177 $ 166 $ 20,390 $ – $ 2,213 $ 277 $ – $ 23,223 $ 160 $ 176 $ 19,419 $ – $ 2,463 $ 212 $ – $ 22,430 Other retail3 10 50 410 – – 30,584 – 324 31,368 53 448 – – 32,131 – 213 32,845 11 227 576 20,390 – 32,797 277 324 54,591 213 624 19,419 – 34,594 212 213 55,275 Non-retail Corporate 12 3,039 255 – – – 57,507 889 61,690 2,981 307 – – – 56,647 966 60,901 Sovereign 13 13,782 10,311 – – – – – 24,093 8,768 11,702 – – – – – 20,470 Bank 14 7,898 9,500 – – – – 9 17,407 7,901 8,549 – 1 – – 9 16,460 15 24,719 20,066 – – – 57,507 898 103,190 19,650 20,558 – 1 – 56,647 975 97,831 Total 16 $ 24,946 $ 20,642 $ 20,390 $ – $ 32,797 $ 57,784 $ 1,222 $ 157,781 $ 19,863 $ 21,182 $ 19,419 $ 1 $ 34,594 $ 56,859 $ 1,188 $ 153,106 2012 2012 Q3 Q2 Risk-weight Risk-weight By Counterparty Type 0% 20% 35% 50% 75% 100% 150% Total 0% 20% 35% 50% 75% 100% 150% Total Retail Residential secured 17 $ 135 $ 179 $ 18,216 $ – $ 2,513 $ 197 $ – $ 21,240 $ 96 $ 184 $ 16,728 $ – $ 2,402 $ 193 $ – $ 19,603 Other retail3 18 52 487 – – 31,613 – 220 32,372 49 502 – – 29,721 – 206 30,478 19 187 666 18,216 – 34,126 197 220 53,612 145 686 16,728 – 32,123 193 206 50,081 Non-retail Corporate 20 2,915 312 – – – 55,549 1,092 59,868 2,615 329 – – – 51,546 1,207 55,697 Sovereign 21 15,227 6,424 – – – – – 21,651 17,020 4,058 – – – – – 21,078 Bank 22 7,270 9,094 – – – – 19 16,383 6,740 8,411 – – – – 9 15,160 23 25,412 15,830 – – – 55,549 1,111 97,902 26,375 12,798 – – – 51,546 1,216 91,935 Total 24 $ 25,599 $ 16,496 $ 18,216 $ – $ 34,126 $ 55,746 $ 1,331 $ 151,514 $ 26,520 $ 13,484 $ 16,728 $ – $ 32,123 $ 51,739 $ 1,422 $ 142,016

2012 2011 Q1 Q4

Risk-weight Risk-weight By Counterparty Type 0% 20% 35% 50% 75% 100% 150% Total 0% 20% 35% 50% 75% 100% 150% Total Retail Residential secured 25 $ 78 $ 199 $ 15,598 $ – $ 2,467 $ 206 $ – $ 18,548 $ 70 $ 203 $ 14,196 $ – $ 2,552 $ 199 $ – $ 17,220 Other retail3 26 51 530 – – 29,377 – 213 30,171 53 557 – – 24,261 – 191 25,062 27 129 729 15,598 – 31,844 206 213 48,719 123 760 14,196 – 26,813 199 191 42,282 Non-retail Corporate 28 2,554 371 – – – 50,370 1,315 54,610 2,197 415 – – – 49,087 1,293 52,992 Sovereign 29 9,434 5,392 – – – – – 14,826 18,816 4,742 – – – – – 23,558 Bank 30 10,039 8,407 – – – – 10 18,456 10,405 9,955 – – – – 2 20,362 31 22,027 14,170 – – – 50,370 1,325 87,892 31,418 15,112 – – – 49,087 1,295 96,912 Total 32 $ 22,156 $ 14,899 $ 15,598 $ – $ 31,844 $ 50,576 $ 1,538 $ 136,611 $ 31,541 $ 15,872 $ 14,196 $ – $ 26,813 $ 49,286 $ 1,486 $ 139,194 1 Credit risk exposures are after credit risk mitigants and net of counterparty-specific allowance. 2 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 3 Under the Standardized Approach, "Other retail" includes qualifying revolving retail exposures.

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46

AIRB Credit Risk Exposures: Retail Risk Parameters1

($ millions, except as noted) LINE 2013 2013 2013 2012 As at # Q3 Q2 Q1 Q4 Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- average average average average average average average average average average average average EAD2 PD3 LGD risk-weight EAD2 PD3 LGD risk-weight EAD2 PD3 LGD risk-weight EAD2 PD3 LGD risk-weight Residential Secured Low risk 1 $ 40,543 0.1 % 18.4 % 2.7 % $ 35,395 0.1 % 16.8 % 2.6 % $ 34,289 0.1 % 16.7 % 2.5 % $ 33,263 0.1 % 17.1 % 2.6 % Normal risk 2 37,508 0.4 16.7 11.4 36,932 0.4 16.1 11.1 35,963 0.4 15.8 10.9 34,098 0.4 16.2 11.1 Medium risk 3 17,721 2.1 15.6 30.8 16,857 2.1 15.6 31.3 16,622 2.1 15.5 31.0 16,700 2.1 15.5 30.4 High risk 4 4,610 16.1 17.4 75.4 4,519 16.4 17.4 75.3 4,513 16.0 17.3 75.0 4,299 15.8 17.4 75.5 Default 5 289 100.0 17.7 128.6 296 100.0 17.1 121.8 314 100.0 17.1 120.6 292 100.0 16.4 119.8 6 $ 100,671 1.6 17.2 14.6 $ 93,999 1.7 16.3 15.0 $ 91,701 1.7 16.2 15.0 $ 88,652 1.7 16.5 15.0 Qualifying Revolving Retail Low risk 7 $ 17,938 0.1 83.8 2.9 $ 17,901 0.1 83.9 2.9 $ 17,663 0.1 83.9 2.9 $ 17,566 0.1 84.0 2.9 Normal risk 8 14,156 0.5 84.7 17.3 14,216 0.5 84.6 17.3 13,966 0.5 84.7 17.5 14,185 0.5 84.7 17.5 Medium risk 9 7,883 2.4 85.9 61.7 7,948 2.4 85.8 61.7 7,815 2.4 85.8 61.7 7,913 2.4 85.9 61.9 High risk 10 3,289 10.8 83.0 146.0 3,309 10.7 83.0 145.4 3,320 10.9 83.0 146.3 3,368 10.8 83.1 146.1 Default 11 126 100.0 73.8 6.4 140 100.0 73.5 6.4 130 100.0 74.6 6.2 141 100.0 74.2 6.3 12 $ 43,392 1.7 84.4 29.2 $ 43,514 1.8 84.4 29.2 $ 42,894 1.8 84.4 29.5 $ 43,173 1.8 84.5 29.7 Other Retail Low risk 13 $ 7,131 0.1 53.5 9.9 $ 7,083 0.1 53.7 9.9 $ 7,140 0.1 53.6 9.9 $ 7,247 0.1 53.8 10.0 Normal risk 14 15,738 0.6 57.8 45.1 15,457 0.6 57.8 45.0 15,537 0.6 57.8 45.1 12,423 0.5 53.8 37.4 Medium risk 15 7,622 2.4 52.6 68.6 7,517 2.4 52.6 68.7 7,354 2.4 52.5 68.5 7,444 2.4 52.5 68.4 High risk 16 3,556 10.2 53.1 89.7 3,514 10.1 53.3 90.0 3,424 10.1 52.6 88.8 3,447 10.1 52.7 88.8 Default 17 164 100.0 49.7 94.3 162 100.0 48.3 94.4 159 100.0 49.3 96.3 146 100.0 48.9 99.0 18 $ 34,211 2.4 % 55.3 % 47.9 % $ 33,733 2.4 % 55.3 % 47.8 % $ 33,614 2.3 % 55.2 % 47.4 % $ 30,707 2.4 % 53.3 % 44.5 % 2012 2012 2012 2011 Q3 Q2 Q1 Q4 Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure Exposure weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- weighted- average average average average average average average average average average average average EAD2 PD3 LGD risk-weight EAD2 PD3 LGD risk-weight EAD2 PD3 LGD risk-weight EAD2 PD3 LGD risk-weight Residential Secured Low risk 19 $ 31,958 0.1 % 17.7 % 2.7 % $ 31,189 0.1 % 17.4 % 2.7 % $ 20,868 0.1 % 12.8 % 2.6 % $ 18,182 0.1 % 13.0 % 2.7 % Normal risk 20 32,838 0.4 16.2 11.2 32,795 0.5 16.2 11.4 38,158 0.4 14.8 10.3 32,978 0.5 14.8 10.4 Medium risk 21 16,514 2.1 15.6 30.6 15,859 2.1 15.5 30.3 17,283 2.0 14.9 29.0 16,644 2.0 15.9 30.7 High risk 22 4,226 16.0 17.6 76.3 3,853 16.7 17.4 76.0 4,045 17.5 16.4 72.7 3,624 17.5 16.7 73.9 Default 23 284 100.0 16.3 121.6 302 100.0 15.7 117.9 312 100.0 15.7 112.7 267 100.0 16.1 106.2 24 $ 85,820 1.7 16.7 15.3 $ 83,998 1.7 16.6 15.1 $ 80,666 1.9 14.4 15.9 $ 71,695 1.9 14.7 16.7 Qualifying Revolving Retail Low risk 25 $ 17,483 0.1 84.0 2.9 $ 17,067 0.1 84.2 3.0 $ 16,868 0.1 84.2 3.0 $ 16,783 0.1 84.4 3.0 Normal risk 26 13,699 0.5 84.8 17.4 14,320 0.5 85.1 17.5 13,983 0.5 85.1 17.5 14,172 0.5 85.2 17.5 Medium risk 27 7,632 2.4 86.1 62.1 8,134 2.4 86.5 62.6 7,860 2.4 86.5 62.4 7,943 2.4 86.7 62.6 High risk 28 3,452 11.4 83.4 147.1 3,590 10.8 83.7 146.9 3,627 11.0 83.8 148.0 3,694 11.1 83.8 148.2 Default 29 141 100.0 77.8 9.1 148 100.0 78.2 9.4 144 100.0 77.7 9.3 144 100.0 78.7 9.3 30 $ 42,407 1.9 84.6 30.0 $ 43,259 1.9 84.9 31.0 $ 42,482 1.9 84.9 31.1 $ 42,736 1.9 85.1 31.4 Other Retail Low risk 31 $ 7,268 0.1 52.7 9.9 $ 4,307 0.1 45.9 9.3 $ 4,205 0.1 45.3 9.1 $ 3,937 0.1 44.5 8.9 Normal risk 32 12,410 0.5 53.5 37.4 10,599 0.5 52.6 38.0 10,324 0.5 52.3 37.7 10,554 0.6 52.7 38.6 Medium risk 33 7,471 2.4 52.7 68.7 11,960 2.1 55.7 70.4 12,124 2.1 55.9 70.3 12,086 2.1 55.9 70.9 High risk 34 3,766 10.7 52.8 89.9 3,828 11.0 52.5 89.9 3,693 10.8 52.2 88.9 3,792 10.9 52.6 89.8 Default 35 152 100.0 50.7 102.2 148 100.0 51.5 101.4 151 100.0 52.4 99.4 151 100.0 53.4 99.1 36 $ 31,067 2.6 % 53.0 % 45.2 % $ 30,842 2.9 % 52.8 % 53.3 % $ 30,497 2.8 % 52.7 % 53.2 % $ 30,520 2.9 % 52.9 % 54.2 % 1 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 2 Exposure at Default (EAD) includes the effects of credit risk mitigation. 3 Probability of Default (PD).

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AIRB Credit Risk Exposures: Non-Retail Risk Parameters1,2

($ millions, except as noted)

LINE

2013 2013 2013 2012

As at # Q3 Q2 Q1 Q4 Exposure Exposure Exposure Exposure Exposure Exposure weighted- Exposure Exposure weighted- Exposure Exposure weighted- Exposure Exposure weighted- weighted- weighted- average weighted- weighted- average weighted- weighted- average weighted- weighted- average average average risk- average average risk- average average risk- average average risk- EAD3 PD LGD weight EAD3 PD LGD weight EAD3 PD LGD weight EAD3 PD LGD weight Corporate Investment grade 1 $ 91,537 0.1 % 25.1 % 16.3 % $ 101,033 0.1 % 21.9 % 14.3 % $ 92,247 0.1 % 23.6 % 15.6 % $ 94,542 0.1 % 23.0 % 14.2 % Non-investment grade 2 50,976 1.3 19.0 35.7 50,150 1.4 19.0 35.3 50,363 1.4 18.7 35.2 40,205 1.4 21.5 39.7 Watch and classified 3 905 19.8 28.2 133.5 942 19.6 29.5 139.0 912 19.2 27.5 130.8 932 19.2 26.0 123.1 Impaired/default 4 152 100.0 47.0 140.0 140 100.0 45.5 163.9 108 100.0 50.2 210.2 177 100.0 57.5 302.6 5 $ 143,570 0.7 23.0 24.0 $ 152,265 0.7 21.0 22.1 $ 143,630 0.7 21.9 23.3 $ 135,856 0.7 22.7 22.9 Sovereign Investment grade 6 $ 210,940 0.0 15.9 0.2 $ 203,979 0.0 15.6 0.2 $ 217,586 0.0 16.0 0.3 $ 223,930 0.0 10.8 0.2 Non-investment grade 7 98 2.8 1.5 1.4 107 2.5 5.8 8.2 133 2.2 2.9 2.8 117 2.4 1.4 1.5 8 $ 211,038 0.0 15.9 0.2 $ 204,086 0.0 15.6 0.2 $ 217,719 0.0 16.0 0.3 $ 224,047 0.0 10.8 0.2 Bank Investment grade 9 $ 81,730 0.1 20.9 11.9 $ 93,662 0.1 19.0 10.9 $ 94,450 0.1 19.8 11.3 $ 124,469 0.1 15.8 6.4 Non-investment grade 10 2,468 0.4 5.5 8.9 1,996 0.4 8.8 13.1 2,818 0.5 6.0 9.9 2,762 0.6 8.7 11.2 Watch and classified 11 610 11.3 0.2 1.0 – – – – – – – – 37 55.1 9.3 43.3 Impaired/default 12 – – – – – – – – – – – – – – – – 13 $ 84,808 0.2 % 20.3 % 11.8 % $ 95,658 0.1 % 18.7 % 10.9 % $ 97,268 0.1 % 19.4 % 11.2 % $ 127,268 0.1 % 15.7 % 6.5 % 2012 2012 2012 2011 Q3 Q2 Q1 Q4 Exposure Exposure Exposure Exposure Exposure Exposure weighted- Exposure Exposure weighted- Exposure Exposure weighted- Exposure Exposure weighted- weighted- weighted- average weighted- weighted- average weighted- weighted- average weighted- weighted- average average average risk- average average risk- average average risk- average average risk- EAD3 PD LGD weight EAD3 PD LGD weight EAD3 PD LGD weight EAD3 PD LGD weight Corporate Investment grade 14 $ 96,529 0.1 % 22.9 % 13.8 % $ 95,806 0.1 % 22.3 % 13.3 % $ 90,130 0.1 % 24.1 % 14.1 % $ 83,685 0.1 % 24.9 % 13.7 % Non-investment grade 15 39,701 1.4 21.8 40.7 42,571 1.4 19.7 36.5 39,206 1.4 21.1 38.9 38,661 1.4 20.6 37.8 Watch and classified 16 892 20.3 28.5 134.9 873 19.0 34.5 163.8 845 18.1 31.1 143.7 829 22.2 30.9 143.7 Impaired/default 17 180 100.0 54.3 252.4 145 100.0 43.1 189.6 135 100.0 46.3 200.9 117 100.0 46.8 223.9 18 $ 137,302 0.7 22.7 22.7 $ 139,395 0.7 21.6 21.5 $ 130,316 0.7 23.3 22.6 $ 123,292 0.7 23.6 22.3 Sovereign Investment grade 19 $ 215,418 0.0 6.2 0.3 $ 213,019 0.0 4.9 0.2 $ 202,737 0.0 5.0 0.2 $ 153,756 0.0 7.2 0.3 Non-investment grade 20 95 2.8 1.1 1.2 314 1.1 39.7 57.2 95 2.8 1.8 2.0 97 2.8 3.0 4.1 21 $ 215,513 0.0 6.2 0.3 $ 213,333 0.0 4.9 0.3 $ 202,832 0.0 4.9 0.2 $ 153,853 0.0 7.2 0.3 Bank Investment grade 22 $ 119,569 0.1 16.9 6.7 $ 120,728 0.1 16.8 6.1 $ 124,395 0.1 19.6 6.5 $ 117,408 0.1 23.4 7.0 Non-investment grade 23 3,677 0.6 5.8 8.6 1,821 0.7 8.0 12.4 2,108 0.8 10.6 17.9 2,222 0.7 11.7 19.5 Watch and classified 24 41 54.8 9.3 43.3 43 52.9 13.5 62.7 47 25.2 12.5 68.5 53 28.0 16.7 80.2 Impaired/default 25 – – – – – – – – – – – – – – – – 26 $ 123,287 0.1 % 16.6 % 6.8 % $ 122,592 0.1 % 16.7 % 6.3 % $ 126,550 0.1 % 19.5 % 6.7 % $ 119,683 0.1 % 23.2 % 7.3 % 1 Effective Q1 2013, balances do not include OSFI "deemed" QCCP exposures, in accordance with the Basel III regulatory framework. Prior to Q1 2013, balances included OSFI "deemed" QCCP exposures, in accordance with the Basel II regulatory framework. 2 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 3 EAD includes the effects of credit risk mitigation.

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AIRB Credit Risk Exposures: Undrawn Commitments and EAD on Undrawn Commitments1,2,3

($ millions) LINE 2013 2013 2013 2012 As at # Q3 Q2 Q1 Q4 Notional EAD on Notional EAD on Notional EAD on Notional EAD on By Counterparty Type undrawn undrawn undrawn undrawn undrawn undrawn undrawn undrawn Retail commitments commitments commitments commitments commitments commitments commitments commitments Residential secured 1 $ 63,617 $ 20,822 $ 63,556 $ 20,877 $ 63,391 $ 20,820 $ 63,102 $ 20,841 Qualifying revolving retail 2 48,097 28,642 47,660 28,864 47,280 28,239 47,288 28,401 Other retail 3 7,350 4,999 7,308 4,983 7,327 5,012 7,410 5,070 4 119,064 54,463 118,524 54,724 117,998 54,071 117,800 54,312 Non-retail Corporate 5 32,776 22,869 31,785 22,128 31,171 21,731 30,186 21,032 Sovereign 6 1,519 1,089 1,825 1,308 1,744 1,250 1,952 1,400 Bank 7 698 499 691 494 671 480 656 470 8 34,993 24,457 34,301 23,930 33,586 23,461 32,794 22,902 Total 9 $ 154,057 $ 78,920 $ 152,825 $ 78,654 $ 151,584 $ 77,532 $ 150,594 $ 77,214 2012 2012 2012 2011 Q3 Q2 Q1 Q4 Notional EAD on Notional EAD on Notional EAD on Notional EAD on By Counterparty Type undrawn undrawn undrawn undrawn undrawn undrawn undrawn undrawn Retail commitments commitments commitments commitments commitments commitments commitments commitments Residential secured 10 $ 62,976 $ 20,681 $ 62,677 $ 20,709 $ 62,409 $ 20,678 $ 61,463 $ 20,407 Qualifying revolving retail 11 46,817 27,632 46,227 28,384 45,334 27,565 45,190 27,592 Other retail 12 7,318 5,327 7,297 5,444 7,334 5,511 7,306 5,517 13 117,111 53,640 116,201 54,537 115,077 53,754 113,959 53,516 Non-retail Corporate 14 29,589 20,658 28,488 19,893 27,570 19,217 27,018 18,910 Sovereign 15 1,269 910 1,304 935 1,021 732 1,359 974 Bank 16 938 673 842 603 862 617 668 478 17 31,796 22,241 30,634 21,431 29,453 20,566 29,045 20,362 Total 18 $ 148,907 $ 75,881 $ 146,835 $ 75,968 $ 144,530 $ 74,320 $ 143,004 $ 73,878 2011 Q3 Notional EAD on By Counterparty Type undrawn undrawn Retail commitments commitments Residential secured 19 $ 60,292 $ 20,132 Qualifying revolving retail 20 44,764 27,283 Other retail 21 7,511 5,675 22 112,567 53,090 Non-retail Corporate 23 25,285 17,364 Sovereign 24 1,241 877 Bank 25 718 507 26 27,244 18,748 Total 27 $ 139,811 $ 71,838 1 Notional undrawn commitments are equal to the contractually available amounts provided via committed loan agreements less amounts currently outstanding under those committed loan agreements. 2 EAD on undrawn commitments is the amount currently undrawn but expected to be drawn assuming a default on the underlying committed loan agreement. 3 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP.

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AIRB Credit Risk Exposures: Loss Experience1

(Percentage) LINE 2013 2013 2013 2012 # Q3 Q2 Q1 Q4 Actual Expected Actual Expected Actual Expected Historical Actual Actual Expected By Counterparty Type loss rate2,3 loss rate2,3 loss rate2,3 loss rate2,3 loss rate2,3 loss rate2,3 loss rate4 loss rate2,3 loss rate2,3 Retail Residential secured 1 0.02 % 0.09 % 0.01 % 0.10 % 0.02 % 0.13 % 0.01 % 0.02 % 0.12 % Qualifying revolving retail 2 2.87 3.57 3.02 3.57 3.09 3.58 3.56 3.20 3.65 Other retail 3 0.91 1.44 0.94 1.41 0.96 1.46 1.09 1.02 1.55 Non-retail Corporate 4 0.05 0.50 0.07 0.46 0.03 0.44 0.35 0.10 0.44 Sovereign 5 – – – – – – – – – Bank 6 – 0.05 – 0.04 – 0.04 – – 0.04

2012 2012 2012 2011 Q3 Q2 Q1 Q4 Actual Expected Actual Expected Actual Expected Historical Actual Actual Expected By Counterparty Type loss rate2,3 loss rate2,3 loss rate2,3 loss rate2,3 loss rate2,3 loss rate2,3 loss rate4 loss rate2,3 loss rate2,3 Retail Residential secured 7 0.02 % 0.12 % 0.02 % 0.12 % 0.02 % 0.13 % 0.01 % 0.01 % 0.12 % Qualifying revolving retail 8 3.31 3.79 3.38 3.94 3.47 4.01 3.61 3.56 4.07 Other retail 9 1.07 1.53 1.12 1.56 1.15 1.59 1.10 1.17 1.61 Non-retail Corporate 10 0.08 0.46 0.03 0.51 (0.03) 0.55 0.38 (0.08) 0.59 Sovereign 11 – – – – – – – – – Bank 12 – 0.03 – 0.03 – 0.03 – – 0.03

2011 Q3 Actual Expected By Counterparty Type loss rate2,3 loss rate2,3 Retail Residential secured 13 0.01 % 0.13 % Qualifying revolving retail 14 3.66 4.29 Other retail 15 1.02 1.44 Non-retail Corporate 16 (0.03) 0.59 Sovereign 17 – – Bank 18 – 0.04 1 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 2 Retail actual and expected loss rates are measured as follows:

Actual loss rate represents the actual write-offs net of recoveries for the current and prior three quarters divided by the outstanding balances taken at the beginning of the four-quarter period starting 15 months ago. This reflects the three-month lag between the definition

of default (at 90 days past due) and write-off (at 180 days). Expected loss rate represents the loss rate that was predicted at the beginning of the four-quarter period defined above. The expected loss is measured using credit risk parameters (PDxLGDxEAD)

divided by outstanding balances at the beginning of the four-quarter period. 3 Non-retail actual and expected loss rates are measured as follows:

Actual loss rate represents the change in counterparty-specific allowance plus write-offs less recoveries, divided by the outstanding balances for the same period, for each of the current and prior three quarters. Expected loss rate represents the loss rate that was

predicted at the beginning of the applicable four-quarter period defined above. The expected loss is measured using credit risk parameters (PDxLGDxEAD) divided by outstanding balances at the beginning of the four-quarter period. 4 The historical loss rate equals total actual losses for all years in the historically measured period divided by total outstanding balances for all years in the historically measured period. Currently, the Bank includes comparable data from fiscal 2002 through to the

current year in the historically measured period. This historical data will be updated annually until a complete business cycle is included in the historically measured period. A business cycle is estimated to be 10-15 years in duration.

Commentary: Differences between actual loss rates and expected loss rates are due to the following reasons: - Expected losses are calculated using "through the cycle" risk parameters while actual losses are determined at a "point in time" and reflect economic conditions at that time. Using "through the cycle" parameters has the effect of stabilizing expected losses over a longer period of time. As a result, actual losses may exceed expected losses during a recession and may fall below expected losses during economic growth. - Expected loss parameters are conservatively estimated (i.e., adjusted upwards) to account for the limited number of years of historical data available. - LGD parameters used in the expected loss estimates are adjusted upwards to reflect potential economic downturn conditions. To ensure our models and risk parameters continue to be reasonable predictors of potential loss, we assess and review our risk parameters against actual loss experience and public sources of information at least annually and we update our models as required. Retail: Due to improvement in credit quality of the new business and economic conditions, actual loss rates for qualifying revolving and other retail exposures in the four quarters ending Q3 2013 are back down to their long term levels. Non-retail: Actual loss rates for non-retail exposures were lower in the four quarters ending Q3 2013 than they were during the historically measured period. This is because of lower average default rates during the four quarters ending Q3 2013 than they were during the historically measured period.

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Securitization and Resecuritization Exposures in the Banking Book1

($ millions) LINE 2013 2013 2013 2012

As at # Q3 Q2 Q1 Q4

Gross Gross Risk- Gross Gross Risk- Gross Gross Risk- Gross Gross Risk-

securitization resecuritization weighted securitization resecuritization weighted securitization resecuritization weighted securitization resecuritization weighted

Capital Approach and Risk Weighting exposures exposures2 assets3 exposures exposures2 assets3 exposures exposures2 assets3 exposures exposures2 assets3

Standardized Approach4

AA- and above 1 $ 26,429 $ – $ 5,286 $ 23,288 $ – $ 4,656 $ 21,893 $ – $ 4,379 $ 22,317 $ – $ 4,463

A+ to A- 2 – – – – – – – – – – – –

BBB+ to BBB- 3 – – – 52 – 52 52 – 52 52 – 52

BB+ to BB- 4 – – – – – – – – – – – –

Below BB-/Unrated5 5 233 – 2,912 15 – 193 16 – 196 20 – n/a

Ratings Based Approach6

AA- and above 6 2,646 229 261 2,668 243 267 2,698 253 272 3,705 1,385 596

A+ to A- 7 121 943 963 144 972 995 164 983 1,009 242 18 49

BBB+ to BBB- 8 169 92 292 161 98 310 160 105 329 117 172 452

BB+ to BB- 9 68 4 211 141 4 595 158 5 644 153 60 1,067

Below BB-/Unrated5 10 52 310 2,391 530 311 8,169 556 323 8,658 572 106 n/a

Internal Assessment Approach7

AA- and above 11 14,697 – 686 14,128 – 650 13,934 – 630 13,339 – 610

A+ to A- 12 16 – 3 15 – 3 – – – – – –

BBB+ to BBB- 13 – – – 17 – 13 17 – 13 17 – 13

BB+ to BB- 14 – – – – – – – – – – – –

Below BB-/Unrated5 15 – – n/a – – n/a – – n/a – – n/a

Gains on sale recorded upon securitization5 16 – – n/a – – n/a – – n/a – – n/a

Total 17 $ 44,431 $ 1,578 $ 13,005 $ 41,159 $ 1,628 $ 15,903 $ 39,648 $ 1,669 $ 16,182 $ 40,534 $ 1,741 $ 7,302

2012 2012 2012 2011

Q3 Q2 Q1 Q4

Gross Gross Risk- Gross Gross Risk- Gross Gross Risk- Gross Gross Risk-

securitization resecuritization weighted securitization resecuritization weighted securitization resecuritization weighted securitization resecuritization weighted

Capital Approach and Risk Weighting exposures exposures2 assets3 exposures exposures2 assets3 exposures exposures2 assets3 exposures exposures2 assets3

Standardized Approach4

AA- and above 18 $ 21,469 $ – $ 4,294 $ 17,876 $ – $ 3,575 $ 19,658 $ – $ 3,932 $ 17,890 $ – $ 3,578

A+ to A- 19 – – – – – – – – – – – –

BBB+ to BBB- 20 52 – 52 97 – 97 97 – 97 – – –

BB+ to BB- 21 – – – – – – – – – – – –

Below BB-/Unrated5 22 20 – n/a – – n/a – – n/a – – n/a

Ratings Based Approach6

AA- and above 23 4,536 1,468 673 5,207 1,512 672 5,894 1,578 732 6,177 1,630 431

A+ to A- 24 233 19 50 184 15 40 220 15 45 218 16 36

BBB+ to BBB- 25 75 157 416 135 154 451 172 157 471 190 155 248

BB+ to BB- 26 158 63 1,163 182 84 1,338 165 82 1,352 197 83 1,326

Below BB-/Unrated5 27 591 110 n/a 588 99 n/a 622 100 n/a 616 100 n/a

Internal Assessment Approach7

AA- and above 28 13,073 – 631 12,188 – 608 12,039 – 580 10,954 – 767

A+ to A- 29 – – – – – – – – – – – –

BBB+ to BBB- 30 17 – 13 17 – 13 17 – 13 17 – 13

BB+ to BB- 31 – – – – – – – – – – – –

Below BB-/Unrated5 32 – – n/a – – n/a – – n/a – – n/a

Gains on sale recorded upon securitization5 33 – – n/a – – n/a – – n/a 86 – n/a

Total 34 $ 40,224 $ 1,817 $ 7,292 $ 36,474 $ 1,864 $ 6,794 $ 38,884 $ 1,932 $ 7,222 $ 36,345 $ 1,984 $ 6,399

1 Securitization exposures include the Bank's exposures as originator and investor under both the IRB approach and the Standardized approach. 2 None of the Bank's resecuritization exposures were subject to credit risk mitigation. 3 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 4 Securitization exposures subject to the standardized approach are primarily comprised of investments held in the Banking book. 5 Effective Q1 2013 these securitization exposures are no longer deducted from capital and are included in the calculation of RWA, in accordance with the Basel III regulatory framework, and are presented based on the "all-in" methodology. Prior to Q1 2013, these securitization exposures were deducted from capital, in accordance with the Basel II regulatory framework. 6 Securitization exposures subject to the ratings based approach primarily include liquidity facilities, credit enhancements, letters of credit, and investments held in the Banking book. 7 Securitization exposures subject to the internal assessment approach are primarily comprised of liquidity facilities provided to the Bank's asset-backed commercial paper (ABCP) conduits.

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51

Risk-Weighted Assets1,2

($ millions) LINE 2013 2013 2013 2012 As at # Q3 Q2 Q1 Q4 Risk-Weighted Assets Risk-Weighted Assets Risk-Weighted Assets Risk-Weighted Assets Internal Internal Internal Internal Gross Ratings Gross Ratings Gross Ratings Gross Ratings exposures Standardized Based Total exposures Standardized Based Total exposures Standardized Based Total exposures Standardized Based Total Credit Risk Retail Residential secured 1 $ 264,362 $ 9,796 $ 14,704 $ 24,500 $ 259,974 $ 9,597 $ 14,062 $ 23,659 $ 257,613 $ 9,107 $ 13,714 $ 22,821 $ 256,703 $ 8,892 $ 13,328 $ 22,220 Qualifying revolving retail 2 43,392 - 12,670 12,670 43,514 - 12,722 12,722 42,894 – 12,633 12,633 43,173 – 12,816 12,816 Other retail 3 74,118 30,034 16,378 46,412 71,565 28,463 16,128 44,591 64,982 23,507 15,948 39,455 63,628 24,506 13,669 38,175 Non-retail3 Corporate 4 209,506 62,357 34,516 96,873 216,097 60,947 33,712 94,659 205,438 58,892 33,498 92,390 196,908 58,157 31,065 89,222 Sovereign 5 95,015 2,613 433 3,046 87,922 2,131 487 2,618 99,124 2,062 603 2,665 98,929 2,341 486 2,827 Bank 6 102,125 2,016 9,972 11,988 112,907 1,907 10,467 12,374 114,677 1,913 10,932 12,845 143,729 1,723 8,246 9,969 Securitization exposures 7 46,009 8,198 4,807 13,005 42,787 4,902 11,001 15,903 41,317 4,627 11,555 16,182 42,275 4,515 2,787 7,302 Equity exposures 8 2,427 1,169 1,169 2,485 1,190 1,190 2,436 1,141 1,141 2,429 1,148 1,148 Exposures subject to standardized or IRB approaches 9 836,954 115,014 94,649 209,663 837,251 107,947 99,769 207,716 828,481 100,108 100,024 200,132 847,774 100,134 83,545 183,679 Adjustment to IRB RWA for scaling factor 10 5,536 5,496 6,001 5,012 Other assets not included in standardized or IRB approaches3 11 80,549 22,729 68,615 21,490 69,543 21,502 34,000 12,589 Total credit risk 12 $ 917,503 $ 237,928 $ 905,866 $ 234,702 $ 898,024 $ 227,635 $ 881,774 $ 201,280 Market Risk Trading book 13 n/a 11,134 n/a 13,589 n/a 13,892 n/a 12,033 Operational Risk Standardized approach 14 n/a 34,459 n/a 33,499 n/a 32,918 n/a 32,562 Total 15 $ 283,521 $ 281,790 $ 274,445 $ 245,875 2012 2012 2012 2011 Q3 Q2 Q1 Q4 Risk-Weighted Assets Risk-Weighted Assets Risk-Weighted Assets Risk-Weighted Assets Internal Internal Internal Internal Gross Ratings Gross Ratings Gross Ratings Gross Ratings exposures Standardized Based Total exposures Standardized Based Total exposures Standardized Based Total exposures Standardized Based Total Credit Risk Retail Residential secured 16 $ 252,070 $ 8,493 $ 13,136 $ 21,629 $ 246,371 $ 7,887 $ 12,654 $ 20,541 $ 242,691 $ 7,556 $ 12,801 $ 20,357 $ 178,358 $ 7,122 $ 11,997 $ 19,119 Qualifying revolving retail 17 42,407 – 12,731 12,731 43,259 – 13,389 13,389 42,482 – 13,228 13,228 42,736 – 13,436 13,436 Other retail 18 63,504 24,137 14,032 38,169 61,379 22,701 16,429 39,130 60,734 22,458 16,234 38,692 55,659 18,593 16,550 35,143 Non-retail3 Corporate 19 197,321 57,249 31,120 88,369 195,249 53,423 29,980 83,403 185,081 52,417 29,481 81,898 176,457 51,110 27,539 78,649 Sovereign 20 92,191 1,285 561 1,846 91,672 811 691 1,502 74,208 1,078 441 1,519 87,991 948 392 1,340 Bank 21 139,671 1,847 8,401 10,248 137,754 1,695 7,668 9,363 145,007 1,696 8,449 10,145 140,046 1,994 8,677 10,671 Securitization exposures 22 42,041 4,345 2,947 7,292 38,338 3,672 3,122 6,794 40,816 4,029 3,193 7,222 38,329 3,578 2,821 6,399 Equity exposures 23 2,356 1,071 1,071 2,302 1,016 1,016 2,424 1,093 1,093 2,409 1,081 1,081 Exposures subject to standardized or IRB approaches 24 831,561 97,356 83,999 181,355 816,324 90,189 84,949 175,138 793,443 89,234 84,920 174,154 721,985 83,345 82,493 165,838 Adjustment to IRB RWA for scaling factor 25 5,040 5,097 5,095 4,950 Other assets not included in standardized or IRB approaches3 26 34,154 12,647 34,724 13,539 34,831 13,528 36,132 12,617 Net impact of eliminating one month reporting lag on U.S. entities4 27 – – – – – – (266) – Total credit risk 28 $ 865,715 $ 199,042 $ 851,048 $ 193,774 $ 828,274 $ 192,777 $ 757,851 $ 183,405 Market Risk Trading book 29 n/a 15,305 n/a 16,638 n/a 19,999 n/a 5,083 Operational Risk Standardized approach 30 n/a 32,054 n/a 31,556 n/a 30,866 n/a 30,291 Total 31 $ 246,401 $ 241,968 $ 243,642 $ 218,779 1 Effective Q1 2013, amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the “all-in” methodology. Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 2 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 3 Effective Q1 2013, non-retail exposures do not include OSFI "deemed" QCCP exposures; as such exposures are now included in “Other assets not included in standardized or IRB approaches”, in accordance with the Basel III regulatory framework. Prior to Q1 2013, OSFI "deemed" QCCP exposures were included in non-retail exposures in accordance with the Basel II regulatory framework. 4 Effective November 2011, the one month lag for financial reporting has been eliminated. In previous months, for accounting purposes, the Bank’s investment in TD Ameritrade was translated using the month end rate of TD Ameritrade’s reporting period, which was on a one month lag. For regulatory purposes only, the

Bank’s investment in TD Ameritrade was translated using the period-end foreign exchange rate of the Bank.

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Capital Position – Basel III Q3 20131

($ millions) Line 2013 Cross OSFI As at # Q3 Reference2 Template Common Equity Tier 1 Capital (CET1) Common shares plus related contributed surplus 1 $ 19,255 A1+A2+B 1 Retained earnings 2 24,122 C 2 Accumulated other comprehensive income 3 2,650 D 3 Common Equity Tier 1 Capital before regulatory adjustments 4 46,027 6 Common Equity Tier 1 capital regulatory adjustments Goodwill (net of related tax liability) 5 (13,107) E1-E2 8 Intangibles (net of related tax liability) 6 (2,077) F1-F2 9 Deferred tax assets excluding those arising from temporary differences 7 (364) G 10 Cash flow hedge reserve 8 (823) H 11 Shortfall of provisions to expected losses 9 (202) I 12 Gains and losses due to changes in own credit risk on fair valued liabilities 10 (75) J 14 Defined benefit pension fund net assets (net of related tax liability) 11 (368) K1-K2 15 Investment in own shares 12 (166) 16 Significant investments in the common stock of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions (amount above 10% threshold) 13 (3,492) L1+L2+L3 19 Total regulatory adjustments to Common Equity Tier 1 14 (20,674) 28 Common Equity Tier 1 Capital 15 25,353 29 Additional Tier 1 capital instruments Directly issued capital instruments subject to phase out from Additional Tier 1 16 5,524 M1+M2+M3 33 Additional Tier 1 instruments issued by subsidiaries and held by third parties subject to phase out 17 552 N1+N2 34/35 Additional Tier 1 capital instruments before regulatory adjustments 18 6,076 36 Additional Tier 1 capital instruments regulatory adjustments Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions 19 (352) O + P 40 Total regulatory adjustments to Additional Tier 1 Capital 20 (352) 43 Additional Tier 1 capital 21 5,724 44 Tier 1 capital 22 31,077 45 Tier 2 capital instruments and provisions Directly issued capital instruments subject to phase out from Tier 2 23 7,620 Q 47 Tier 2 instruments issued by subsidiaries and held by third parties subject to phase out 24 267 R1 + R2 48/49 Collective allowances 25 1,439 S 50 Tier 2 capital before regulatory adjustments 26 9,326 51 Tier 2 regulatory adjustments Investment in own Tier 2 instruments 27 (9) 52 Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions 28 (170) T 55 Total regulatory adjustments to Tier 2 capital 29 (179) 57 Tier 2 capital 30 9,147 58 Total capital 31 40,224 59 Total risk-weighted assets 32 $ 283,521 60 1 Capital position calculated using the 'All-in' basis.

2 Cross referenced to the Reconciliation with Balance Sheet Under Regulatory Scope of Consolidation page.

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Capital Position – Basel III Q3 2013 (Continued)

($ millions, except as noted) Line 2013 Cross OSFI As at # Q3 Reference1 Template

Capital Ratios2 Common Equity Tier 1 capital (as percentage of risk-weighted assets) 33 8.9 % 61 Tier 1 (as percentage of risk-weighted assets) 34 11.0 62 Total capital (as percentage of risk-weighted assets) 35 14.2 63 Institution specific buffer requirement (minimum CET1 requirement plus capital conservation buffer plus G-SIB buffer plus D-SIB buffer requirement expressed as percentage of risk-weighted assets) 36 7.0 64 of which: capital conservation buffer requirement 37 2.5 65 Common Equity Tier 1 available to meet buffers (as percentage of risk-weighted assets) 38 2.5 68 OSFI all-in target (minimum plus conservation buffer plus D-SIB surcharge (if applicable)) Common Equity Tier 1 all-in target ratio 39 7.0 69 Tier 1 all-in target ratio 40 8.5 70 Total Capital all-in target ratio 41 10.5 71

Amounts below the thresholds for deduction (before risk weighting) Non-significant investments in the capital of other financials 42 $ 1,715 72 Significant investments in the common stock of financials 43 2,976 73 Deferred tax assets arising from temporary differences (net of related tax liability) 44 891 75

Applicable caps on the inclusion of allowances in Tier 2 Allowance eligible for inclusion in Tier 2 in respect of exposures subject to standardized approach (prior to application of cap) 45 1,439 76 Cap on inclusion of allowances in Tier 2 under standardized approach 46 1,590 77

Capital instruments subject to phase-out arrangements (only applicable between January 1, 2013 to January 1, 2022) Current cap on Additional Tier 1 instruments subject to phase out arrangements 47 6,076 82 Amounts excluded from Additional Tier 1 due to cap (excess over cap after redemptions and maturities) 48 564 83 Current cap on Tier 2 instruments subject to phase out arrangements 49 7,887 84 Amounts excluded from Tier 2 due to cap (excess over cap after redemptions and maturities) 50 5 85 Capital Ratios - transitional basis3 Risk-weighted assets 51 $ 301,305 Common Equity Tier 1 capital 52 36,321 Tier 1 Capital 53 36,321 Total Capital 54 43,800 Common Equity Tier 1 (as percentage of risk-weighted assets) 55 12.1 % Tier 1 (as percentage of risk-weighted assets) 56 12.1 Total capital (as percentage of risk-weighted assets) 57 14.5 Capital Ratios for significant bank subsidiaries TD Bank N.A.4 Tier 1 capital ratio 58 11.6 Total capital ratio 59 12.8

TD Mortgage Corporation Common Equity Tier 1 capital ratio 60 23.7 Tier 1 capital ratio 61 23.7 Total capital ratio 62 25.4 1 Cross referenced to the Reconciliation with Balance Sheet Under Regulatory Scope of Consolidation page.

2 The “all-in” basis of regulatory reporting includes all of the regulatory adjustments that will be required by 2019.

3 The “transitional” basis of regulatory reporting allows for certain adjustments to CET1, the largest of which being goodwill, intangible assets and the threshold deductions, to be phased-in over a period of five years starting in 2014, while retaining the phase-out rules

for non-qualifying capital instruments. 4 On a stand-alone basis, TD Bank, N.A. reports regulatory capital to the Office of the Comptroller of the Currency (OCC) under Basel I based on calendar quarter ends. The disclosed capital ratios are based on this framework.

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Reconciliation with Balance Sheet Under Regulatory Scope of Consolidation

($ millions) Line Balance Sheet1 Under Regulatory scope Cross As at # of consolidation2 Reference3

Cash and due from banks 1 $ 3,067 $ $ 3,067 Interest-bearing deposits with banks 2 21,754 21,727 Trading loans, securities and other 3 96,794 96,794 Derivatives 4 49,846 49,853 Financial assets designated at fair value through profit or loss 5 6,153 4,950 Held-to-maturity securities 6 16,434 16,434 Available-for-sale securities 7 90,315 88,336 Securities purchased under reverse repurchase agreements 8 64,030 64,030 Loans 9 436,631 436,421 Allowance for loan losses 10 (2,863) (2,863) Eligible general allowance reflected in Tier 2 regulatory capital 11 (1,439) S Shortfall of allowance to expected loss 12 (202) I Allowances not reflected in regulatory capital 13 (1,222) Other 14 52,940 51,229 Investment in TD Ameritrade Significant investments exceeding regulatory thresholds 15 2,777 L1 Significant investments not exceeding regulatory thresholds 16 2,386 Goodwill 17 13,121 E1 Other intangibles 18 2,490 F1 Deferred tax assets Deferred tax assets (DTA) excluding those arising from temporary differences 19 364 G DTA's (net of associated deferred tax liabilities (DTL)) realizable through net operating loss (NOL) carryback 20 878 DTA's (net of associated DTL's) arising from temporary differences but not realizable through NOL carryback 21 891 Other DTA/DTL adjustments4 22 (812) Significant investments in financials (excluding TD Ameritrade) Significant investments exceeding regulatory thresholds 23 24 L2 Significant investments in Additional Tier 1 capital 24 2 P Significant investments not exceeding regulatory thresholds 25 19 Defined pension benefits 26 478 K1 Other Assets 27 28,611

TOTAL ASSETS 28 835,101 829,978

LIABILITIES AND SHAREHOLDERS' EQUITY Trading deposit 29 53,750 53,750 Derivatives 30 51,751 51,751 Securitization liabilities at fair value 31 24,649 24,649 Other financial liabilities designated at fair value through profit or loss 32 57 57 Deposits 33 508,406 508,407 Other 34 135,813 130,689 Deferred tax liabilities Goodwill 35 14 E2 Intangible assets (excluding mortgage servicing rights) 36 413 F2 Defined benefit pension fund assets 37 110 K2 Other deferred tax liabilities (Cash flow hedges and other DTL's) 38 964 Other DTA/DTL adjustments4 39 (1,196) Gains and losses due to changes in own credit risk on fair value liabilities 40 75 J Other liabilities 41 130,309 Subordinated notes and debentures 42 7,984 7,984 Regulatory capital amortization of maturing debentures 43 119 Directly issued capital instruments subject to phase out from Tier 2 44 7,620 Q Capital instruments issued by subsidiaries and held by third parties-Tier 2 45 243 R1 Capital instruments not allowed for regulatory capital 46 2 Liability for Preferred Shares 47 27 27 Capital instruments issued by subsidiaries and held by third parties 48 24 R2 Instruments not allowed for regulatory capital subject to phase out 49 3 Liability for Capital Trust Securities 50 1,746 1,746 Directly issued capital instruments subject to phase out from Additional Tier 1 51 1,574 M1 Instruments issued by subsidiaries and held by third parties 52 110 N1 Securities not allowed for regulatory capital 53 62 Liabilities 54 784,183 779,060 Common Shares 55 19,218 19,218 A1 Preferred Shares 56 3,395 3,395 Directly issued capital instruments subject to phase out from Additional Tier 1 57 3,056 M2 Preferred shares not allowed for regulatory capital 58 339 Treasury Shares - Common 59 (144) (144) A2 Treasury Shares - Preferred 60 (3) (3) Contributed Surplus 61 181 181 B Retained Earnings 62 24,122 24,122 C Accumulated other comprehensive income 63 2,650 2,650 D Cash flow hedges requiring derecognition 64 823 H Net AOCI included as capital 65 1,827 Non-controlling interest in subsidiaries 66 1,499 1,499 Portion allowed for regulatory capital (directly issued) 67 894 M3 Portion allowed for regulatory capital (issued by subsidiaries and held by third parties) subject to phase out 68 442 N2 Portion not allowed for regulatory capital subject to phase out 69 163 TOTAL LIABILITIES AND EQUITY 70 $ 835,101 $ $ 829,978

1 As per Balance Sheet on page 14. 2 Legal entities excluded from the regulatory scope of consolidation included the following insurance subsidiaries: Meloche Monnex Inc. (Consolidated), CT Financial Assurance Company, TD Life Insurance Company, TD Reinsurance (Barbados) Inc. and TD Reinsurance (Ireland) Limited which have total assets included in the consolidated Bank of $5,123 million and total equity of $1,782 million of which $691 million is deducted from CET1, $350 million is deducted from additional Tier 1 and $170 million is deducted from Tier 2 capital. Cross referenced (L3,O,T) respectively, to the Capital Position - Basel III Q3 2013 page. 3 Cross referenced to the Capital Position - Basel III Q3 2013 page. 4 This adjustment is related to deferred tax assets/liabilities netted for financial accounting purposes.

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Flow Statement for Regulatory Capital1

($ millions) Line 2013 # Q3 Common Equity Tier 1 Balance at beginning of period 1 $ 24,677 New capital issues 2 90 Redeemed capital2 3 (356) Gross dividends (deductions) 4 (784) Shares issued in lieu of dividends (add back) 5 82 Profit attributable to shareholders of the parent company3 6 1,501 Removal of own credit spread (net of tax) 7 (5) Movements in other comprehensive income Currency translation differences 8 519 Available-for-sale investments 9 (573) Other 10 544 Goodwill and other intangible assets (deduction, net of related tax liability) 11 (259) Other, including regulatory adjustments and transitional arrangements Deferred tax assets that rely on future profitability (excluding those arising from temporary differences) 12 (68) Prudential valuation adjustments 13 – Other 14 (15) Balance at end of period 15 25,353 Additional Tier 1 Capital Balance at beginning of period 16 5,724 New additional Tier 1 eligible capital issues 17 – Redeemed capital 18 – Other, including regulatory adjustments and transitional arrangements 19 – Balance at end of period 20 5,724 Total Tier 1 Capital 21 31,077 Tier 2 Capital Balance at beginning of period 22 9,012 New Tier 2 eligible capital issues 23 – Redeemed capital 24 – Amortization adjustments 25 – Allowable collective allowance 26 143 Other, including regulatory adjustments and transitional arrangements 27 (8) Balance at end of period 28 9,147 Total Regulatory Capital 29 $ 40,224 1 The statement is based on the applicable regulatory rules in force at the period end. 2 Represents impact of shares repurchased for cancellation. 3 Profit attributable to shareholders of the parent company reconciles to the income statement.

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Capital Position – Basel III Q1 2013 and Q2 2013 ($ millions, except as noted) Line 2013 2013 As at # Q2 Q1 All-in basis1 Transitional basis2 All-in basis1 Transitional basis2

RISK-WEIGHTED ASSETS 1 $ 281,790 $ 297,119 $ 274,445 $ 290,036 CAPITAL Common Equity Tier 1 Common shares 2 $ 19,007 $ 19,007 $ 18,888 $ 18,888 Contributed surplus 3 190 190 185 185 Retained earnings 4 23,674 23,674 22,772 22,772 AOCI, net of cash flow hedges not fair valued on the balance sheet 5 1,337 1,561 1,233 1,709 Fair value changes in liabilities due to own risk and debit valuation adjustments (DVAs) on derivative liabilities 6 (80) – (99) (4) Gross Common Equity Tier 1 7 44,128 44,432 42,979 43,550 Deductions: Goodwill, net of deferred tax liabilities (DTL) 8 (12,886) – (12,284) – Intangibles, net of DTL 9 (2,039) – (1,815) – Deferred tax assets (DTA) excl. arising from temporary difference, net of DTL 10 (296) – (322) – Defined benefit pension fund assets, net of DTL 11 (326) – (326) – Shortfall in allowance 12 (189) – (132) – Net Indirect investments in own shares 13 (68) – (143) –

14

(15,804) – (15,022) – Threshold deduction 15 (3,647) – (3,698) – Excess of Additional Tier 1 Capital deduction (line 25 - line 26) 16 – (8,953) – (8,536) Net Common Equity Tier 1 17 24,677 35,479 24,259 35,014 Additional Tier 1 Capital Tier 1 – Non qualifying – subject to phase out3 18 6,076 6,076 6,076 6,076 AOCI – CTA unrealized (loss) 19 n/a (224) n/a (475) Gross Additional Tier 1 Capital 20 6,076 5,852 6,076 5,601 Deductions: Goodwill 21 n/a (12,886) n/a (12,284) Shortfall in allowance 22 n/a (95) n/a (66) Significant investments in common equity of financials 23 n/a (1,824) n/a (1,787) Significant investments in financials (Tier 1 instruments) 24 (352) – (352) – Total additional Tier 1 available deduction 25 (352) (14,805) (352) (14,137) Net additional Tier 1 deduction (minimum of absolute value of line 20 or 25) 26 (352) (5,852) (352) (5,601) Net Additional Tier 1 Capital 27 5,724 – 5,724 – Net Tier 1 Capital 28 30,401 35,479 29,983 35,014 Tier 2 Capital Tier 2 – Non qualifying – subject to phase out4 29 7,886 7,886 7,886 7,886 Eligible collective allowance 30 1,296 1,296 1,227 1,227 Gross Tier 2 Capital 31 9,182 9,182 9,113 9,113 Deductions: Shortfall in allowance 32 n/a (94) n/a (66) Significant investments in common equity of financials 33 n/a (1,823) n/a (1,786) Significant investments in financials (Tier 2 instruments) 34 (170) – (170) – Total Tier 2 available deduction 35 (170) (1,917) (170) (1,852) Tier 2 deduction (minimum of absolute value of line 31 or 35) 36 (170) (1,917) (170) (1,852) Net Tier 2 Capital 37 9,012 7,265 8,943 7,261 Total Regulatory Capital 38 $ 39,413 $ 42,744 $ 38,926 $ 42,275

REGULATORY CAPITAL RATIOS (%)5 Common Equity Tier 1 capital ratio 39 8.8 % 11.9 % 8.8 % 12.1 % Tier 1 capital ratio 40 10.8 11.9 10.9 12.1 Total capital ratio 41 14.0 14.4 14.2 14.6

CAPITAL RATIOS FOR SIGNIFICANT BANK SUBSIDIARIES (%) TD Bank, N.A. Tier 1 capital ratio6 42 11.8 % n/a 11.9 % n/a Total capital ratio6 43 13.0 n/a 13.1 n/a

TD Mortgage Corporation5 Common Equity Tier 1 capital ratio 44 23.7 % 23.8 % 23.5 % 23.6 % Tier 1 capital ratio 45 23.7 23.8 23.5 23.6 Total capital ratio 46 25.4 25.4 25.2 25.2 1 The “all-in” basis of regulatory reporting includes all of the regulatory adjustments that will be required by 2019. 2 The “transitional” basis of regulatory reporting allows for certain adjustments to CET1, the largest of which being goodwill, intangible assets and the threshold deductions, to be phased-in over a period of five years starting in 2014, while retaining the phase-out rules for non-qualifying capital instruments. 3 The current cap on additional Tier 1 capital subject to phase out arrangements for fiscal 2013 is $6,076 million. The amount excluded for Q2 2013 was $558 million (Q1 2013 – $669 million). The current cap on Additional Tier 1 capital in Q2 2013 includes $552 million (Q1 2013 - $552 million) of capital instruments issued from consolidated subsidiaries and held by third parties. 4 The current cap on Tier 2 capital subject to phase out arrangements in fiscal 2013 is $7,886 million. The amount excluded for Q2 2013 was $885 million (Q1 2013 – $854 million). The current cap on Tier 2 capital in Q2 2013 includes $267 million (Q1 2013 – $267 million) of capital instruments issued from

consolidated subsidiaries and held by third parties. 5 On an "all-in" basis, OSFI's target CET1, Tier 1 and Total capital ratios for Canadian banks are 7%, 8.5% and 10.5%, respectively. 6 On a stand-alone basis, TD Bank, N.A. reports regulatory capital to the Office of the Comptroller of the Currency (OCC) under Basel I based on calendar quarter ends. The disclosed capital ratios are based on this framework.

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Capital Position – Basel II1,2

($ millions, except as noted) LINE 2012 2011 As at # Q4 Q3 Q2 Q1 Q4 Q3 RISK-WEIGHTED ASSETS 1 $ 245,875 $ 246,401 $ 241,968 $ 243,642 $ 218,779 $ 207,805 CAPITAL Tier 1 Capital Common shares 2 $ 18,525 $ 18,173 $ 17,911 $ 17,570 $ 18,301 $ 17,393 Contributed surplus 3 196 203 200 214 281 282 Retained earnings 4 21,763 20,943 19,970 19,003 24,339 23,445 Fair value (gain) loss arising from changes in the institution’s own credit risk 5 (2) 3 5 (2) – – Net unrealized foreign currency translation gains (losses) on investment in subsidiaries, net of hedging activities 6 (426) (346) (676) (339) (3,199) (4,501) Preferred shares3 7 3,394 3,394 3,394 3,395 3,395 3,944 Innovative instruments3 8 3,700 3,701 3,703 3,705 3,705 3,663 Adjustment for transition to measurement under IFRS 9 387 775 1,162 1,550 – – Net impact of eliminating one month reporting lag on U.S. entities4 10 – – – – (266) (46) Gross Tier 1 capital 11 47,537 46,846 45,669 45,096 46,556 44,180 Goodwill and intangibles in excess of 5% limit 12 (12,311) (12,463) (12,283) (12,438) (14,376) (13,814) Net Tier 1 Capital 13 35,226 34,383 33,386 32,658 32,180 30,366 Securitization – gain on sale of mortgages 14 – – – – (86) (86) Securitization – other 15 (650) (678) (666) (694) (735) (765) 50% shortfall in allowance5 16 (103) (164) (189) (182) (180) (198) 50% substantial investments 17 (2,731) (2,735) (2,693) (2,696) (2,805) (2,572) Investment in insurance subsidiaries6 18 (753) (759) (736) (708) (4) (4) Net impact of eliminating one month reporting lag on U.S. entities4 19 – – – – 133 23 Adjusted Net Tier 1 Capital 20 30,989 30,047 29,102 28,378 28,503 26,764 Tier 2 Capital Innovative instruments 21 26 26 26 26 26 25 Subordinated notes and debentures (net of amortization and ineligible) 22 11,198 11,250 11,288 11,300 11,253 11,824 Eligible collective allowance (re standardized approach) 23 1,142 1,067 978 955 940 925 Accumulated net after-tax unrealized gain on AFS equity securities in OCI 24 99 112 115 117 35 41 Securitization – other 25 (1,272) (1,339) (1,360) (1,446) (1,484) (1,486) 50% shortfall in allowance5 26 (103) (164) (189) (182) (180) (198) 50% substantial investments 27 (2,731) (2,735) (2,693) (2,696) (2,805) (2,572) Investments in insurance subsidiaries6 28 (753) (759) (736) (708) (1,443) (1,411) Net impact of eliminating one month reporting lag on U.S. entities4 29 – – – – 133 23 Total Tier 2 Capital 30 7,606 7,458 7,429 7,366 6,475 7,171 Total Regulatory Capital 31 $ 38,595 $ 37,505 $ 36,531 $ 35,744 $ 34,978 $ 33,935 REGULATORY CAPITAL RATIOS (%) Tier 1 capital ratio7 32 12.6 % 12.2 % 12.0 % 11.6 % 13.0 % 12.9 % Total capital ratio7 33 15.7 15.2 15.1 14.7 16.0 16.3 CAPITAL RATIOS FOR SIGNIFICANT BANK SUBSIDIARIES (%) TD Bank, N.A.8 Tier 1 capital ratio 34 12.3 % 12.6 % 13.1 % 13.1 % 13.7 % 13.8 % Total capital ratio 35 13.5 13.9 14.4 14.5 15.2 15.3 TD Mortgage Corporation Tier 1 capital ratio7 36 30.1 % 29.9 % 30.4 % 24.0 % 24.3 % 24.1 % Total capital ratio7 37 32.3 32.3 32.9 26.1 26.4 26.4 1 Prior to Q1 2013, amounts were calculated in accordance with the Basel II regulatory framework. 2 Prior to Q1 2012, the amounts were calculated based on Canadian GAAP. 3 Effective Q1 2012, in accordance with IAS 32, Financial Instruments: Presentation, the Bank is required to classify certain classes of preferred shares and innovative Tier 1 capital investments as liabilities on the balance sheet. Prior to Q1 2012, in accordance with the CICA Handbook Section 3860, the Bank was required to classify certain classes of preferred shares and innovative Tier 1 capital investments as liabilities on the balance sheet. For regulatory capital purposes, these capital instruments have been grandfathered by OSFI and continue to be included in Tier 1 capital. 4 As at November 2011, the one month lag for financial reporting has been eliminated. In previous months, for accounting purposes, the Bank’s investment in TD Ameritrade was translated using the month end rate of TD Ameritrade’s reporting period, which was on a one month lag. For

regulatory purposes only, the Bank’s investment in TD Ameritrade was translated using the period-end foreign exchange rate of the Bank. 5 When expected loss as calculated within the IRB approach exceeds total allowance for credit losses, the difference is deducted 50% from Tier 1 capital and 50% from Tier 2 capital. When expected loss as calculated within the IRB approach is less than the total allowance for credit losses,

the difference is added to Tier 2 capital. 6 Based on the OSFI advisory letter dated February 20, 2007, 100% of investments in insurance subsidiaries held prior to January 1, 2007 are deducted from Tier 2 capital. The 50% from Tier 1 capital and 50% from Tier 2 capital deduction was deferred until 2012. 7 OSFI's target Tier 1 and Total capital ratios for Canadian banks are 7% and 10%, respectively. 8 On a stand-alone basis, TD Bank, N.A. reports regulatory capital to the OCC under Basel I based on calendar quarter ends. The disclosed capital ratios are based on this framework.

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Adjustments for Items of Note, Net of Income Taxes - Footnotes1

1 The adjustments for items of note, net of income taxes, are removed from reported results to compute adjusted results. 2 Amortization of intangibles relate primarily to the Canada Trust acquisition in 2000, the TD Banknorth acquisition in 2005 and its privatization in 2007, the acquisitions by TD Banknorth of Hudson United Bancorp in 2006 and Interchange Financial

Services in 2007, the Commerce acquisition in 2008, the amortization of intangibles included in equity in net income of TD Ameritrade, the acquisition of the credit card portfolios of MBNA Canada in 2012, the acquisition of Target’s U.S. credit card portfolio in 2013, and the Epoch acquisition in 2013. Amortization of software is recorded in amortization of intangibles; however, amortization of software is not included for purposes of items of note, which only includes amortization of intangibles acquired as a result of asset acquisitions and business combinations.

3 During 2008, as a result of deterioration in markets and severe dislocation in the credit market, the Bank changed its trading strategy with respect to certain trading debt securities. Since the Bank no longer intended to actively trade in these debt

securities, the Bank reclassified these debt securities from trading to the available-for-sale category effective August 1, 2008. As part of the Bank’s trading strategy, these debt securities are economically hedged, primarily with CDS and interest rate swap contracts. This includes foreign exchange translation exposure related to the debt securities portfolio and the derivatives hedging it. These derivatives are not eligible for reclassification and are recorded on a fair value basis with changes in fair value recorded in the period’s earnings. Management believes that this asymmetry in the accounting treatment between derivatives and the reclassified debt securities results in volatility in earnings from period to period that is not indicative of the economics of the underlying business performance in Wholesale Banking. The Bank may from time to time replace securities within the portfolio to best utilize the initial, matched fixed term funding. As a result, the derivatives are accounted for on an accrual basis in Wholesale Banking and the gains and losses related to the derivatives in excess of the accrued amounts are reported in the Corporate segment. Adjusted results of the Bank exclude the gains and losses of the derivatives in excess of the accrued amount.

4 As a result of U.S. Personal and Commercial Banking acquisitions, the Bank incurred integration charges and direct transaction costs. Integration charges consist of costs related to information technology, employee retention, external professional

consulting charges, marketing (including customer communication and rebranding), integration-related travel costs, employee severance costs, the costs of amending certain executive employment and award agreements, contract termination fees and the write-down of long-lived assets due to impairment. Direct transaction costs are expenses directly incurred in effecting a business combination and consist primarily of finders’ fees, advisory fees, and legal fees. The first quarter of 2012 was the last quarter U.S. Personal and Commercial Banking included any further integration charges or direct transaction costs as an item of note.

5 The Bank purchases CDS to hedge the credit risk in Wholesale Banking's corporate lending portfolio. These CDS do not qualify for hedge accounting treatment and are measured at fair value with changes in fair value recognized in current period's

earnings. The related loans are accounted for at amortized cost. Management believes that this asymmetry in the accounting treatment between CDS and loans would result in periodic profit and loss volatility which is not indicative of the economics of the corporate loan portfolio or the underlying business performance in Wholesale Banking. As a result, the CDS are accounted for on an accrual basis in Wholesale Banking and the gains and losses on the CDS, in excess of the accrued cost, are reported in the Corporate segment. Adjusted earnings exclude the gains and losses on the CDS in excess of the accrued cost. When a credit event occurs in the corporate loan book that has an associated CDS hedge, the PCL related to the portion that was hedged via the CDS is netted against this item of note.

6 As a result of the Chrysler Financial acquisition in Canada and the U.S., the Bank incurred integration charges and direct transaction costs. As well the Bank experienced volatility in earnings as a result of changes in the fair value of contingent

consideration. Integration charges consist of costs related to information technology, employee retention, external professional consulting charges, marketing (including customer communication and rebranding), integration-related travel costs, employee severance costs, the costs of amending certain executive employment and award agreements, contract termination fees, and the write-down of long-lived assets due to impairment. Direct transaction costs are expenses directly incurred in effecting a business combination and consist primarily of finders' fees, advisory fees, and legal fees. Contingent consideration is defined as part of the purchase agreement, whereby the Bank is required to pay additional cash consideration in the event that amounts realized on certain assets exceed a pre-established threshold. Contingent consideration is recorded at fair value on the date of acquisition. Changes in fair value subsequent to acquisition are recorded in the Consolidated Statement of Income. Adjusted earnings exclude the gains and losses on contingent consideration in excess of the acquisition date fair value. While integration charges and direct transaction costs related to this acquisition were incurred for both Canada and the U.S., the majority of these charges relate to integration initiatives undertaken for U.S. Personal and Commercial Banking. The fourth quarter of 2012 was the last quarter U.S. Personal and Commercial Banking included any further Chrysler-related integration charges or direct transaction costs as an item of note.

7 As a result of the acquisition of the credit card portfolio of MBNA Canada, as well as certain other assets and liabilities, the Bank incurred integration charges and direct transaction costs. Integration charges consist of costs related to information

technology, employee retention, external professional consulting charges, marketing (including customer communication, rebranding and certain charges against revenue related to promotional-rate card origination activities), integration-related travel costs, employee severance costs, the cost of amending certain executive employment and award agreements, contract termination fees, and the write-down of long-lived assets due to impairment. Direct transaction costs are expenses directly incurred in effecting the business combination and consist primarily of finders’ fees, advisory fees and legal fees. Integration charges and direct transaction costs related to this acquisition are incurred by Canadian Personal and Commercial Banking. The integration charges to date are higher than what was anticipated when the transaction was announced. The elevated spending is primarily due to additional costs incurred (other than the amounts capitalized) to build out technology platforms for the business.

8 The Bank took prudent steps to determine in accordance with applicable accounting standards that litigation provisions were required in the following relevant periods. In the first quarter of 2012, the Bank determined that the litigation provision of

$285 million ($171 million after tax) was required as a result of certain adverse judgments in the U.S. during the quarter as well as settlements reached following the quarter. In the third quarter of 2012, the Bank determined that an increase to this litigation provision of $128 million ($77 million after tax) was required based on the continued evaluation of its portfolio of cases. In the first quarter of 2013, the Bank further reassessed its litigation provisions and determined that an additional increase in the litigation provision of $97 million ($70 million after tax) was required as a result of recent developments and settlements reached in the U.S., having considered these factors as well as other related or analogous litigation cases.

9 Excluding the impact related to the credit card portfolio of MBNA Canada and other consumer loan portfolios (which is recorded in Canadian Personal and Commercial Banking results), “Reduction of allowance for incurred but not identified credit

losses”, formerly known as “General allowance increase (release) in Canadian Personal and Commercial Banking and Wholesale Banking” includes $41 million ($30 million after tax) in Q3 2012, $80 million ($59 million after tax) in Q2 2012 and $41 million ($31 million after tax) in Q1 2012, all of which are attributable to the Wholesale Banking and non-MBNA related Canadian Personal and Commercial Banking loan portfolios. Beginning in 2013, the change in the “allowance for incurred but not identified credit losses” in the normal course of business will be included in the Corporate segment net income and will no longer be recorded as an item of note.

10 This represents the impact of changes in the income tax statutory rate on net deferred income tax balances. 11 The Bank provided $62 million ($37 million after tax) for certain estimated losses resulting from Superstorm Sandy which primarily relate to an increase in provision for credit losses, fixed asset impairments and charges against revenue relating to

fee reversals.

12 On July 30, 2013, the Bank announced it estimated a provision of no more than $125 million before taxes of residential loan losses as a result of the southern Alberta flooding. Upon further review, the Bank has been able to further refine initial assumptions and as a result, the Bank has estimated a provision of $65 million ($48 million after tax).

13 The impact of the items of note on EPS is calculated by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period. As a result, the sum of the quarterly EPS impact may

not equal the year-to-date EPS impact.

Page 62: SUPPLEMENTAL FINANCIAL INFORMATION - TD Bank

59

Glossary Regulatory Capital

Risk-weighted assets (RWA) • Used in the calculation of risk-based capital ratios, total risk-weighted assets are calculated for credit, operational and market risks using the approaches described below.

Approaches used by the Bank to calculate RWA For Credit Risk

Standardized Approach

• Under this approach, banks apply a standardized set of risk-weights to exposures, as prescribed by the regulator, to calculate credit risk capital

requirements. Standardized risk-weights are based on external credit assessments, where available, and other risk-related factors, including exposure asset class, collateral, etc.

Advanced Internal Ratings Based (AIRB) Approach

• Under this approach, banks use their own internal historical experience of PD, LGD, EAD and other key risk assumptions to calculate credit risk capital requirements. Use of the AIRB approach is subject to supervisory approval.

For Operational Risk

Standardized Approach • Under this approach, banks apply prescribed factors to a three-year average of annual gross income for each of eight different business lines representing the different activities of the institution (e.g. Corporate Finance, Retail Banking, Asset Management, etc.).

For Market Risk Standardized Approach

• Under this approach, banks use standardized capital changes prescribed by the regulator to calculate general and specific risk components of

market risk. Internal Models Approach • Under this approach, banks use their own internal risk management models to calculate specific risk and general market risk changes.

Credit Risk Terminology

Gross credit risk exposure

• The total amount the Bank is exposed to at the time of default measured before counterparty-specific provisions or write-offs. Includes exposures

under both the Standardized and AIRB approaches to credit risk. Counterparty Type / Exposure Classes:

Retail Residential Secured Qualifying Revolving Retail (QRR) Other Retail

Non-retail

Corporate Sovereign Bank

Exposure Types: Drawn Undrawn (commitment) Repo-style transactions OTC derivatives Other off-balance sheet

AIRB Credit Risk Parameters:

Probability of Default (PD) Exposure at Default (EAD) Loss Given Default (LGD)

• Includes residential mortgages and home equity lines of credit extended to individuals. • Includes credit cards, unsecured lines of credit and overdraft protection products extended to individuals (in the case of the Standardized Approach

to credit risk, credit card exposures are included in the “Other Retail” category). • Includes all other loans (e.g. personal loans, student lines of credit and small business loans) extended to individuals and small businesses. • Includes exposures to corporations, partnerships or proprietorships. • Includes exposures to central governments, central banks, multilateral development banks and certain public sector entities. • Includes exposures to deposit-taking institutions, securities firms and certain public sector entities. • The amount of funds advanced to a borrower. • The difference between the authorized and drawn amounts (e.g. the unused portion of a line of credit / committed credit facility). • Repurchase and reverse repurchase agreements, securities borrowing and lending. • Privately negotiated derivative contracts. • All off-balance sheet arrangements other than derivatives and undrawn commitments (e.g. letters of credit, letters of guarantee).

• The likelihood that the borrower will not be able to meet its scheduled repayments within a one year time horizon. • The total amount the Bank is exposed to at the time of default. • The amount of the loss when a borrower defaults on a loan, which is expressed as a percentage of EAD.

Credit Valuation Adjustment (CVA)

• CVA represents an add-on capital charge that measures credit risk due to default of derivative counterparties. This add-on charge requires banks to capitalize for the potential changes in counterparty credit spread for the derivative portfolios. As per OSFI's Final Capital Adequacy Requirements (CAR) guideline, CVA capital add-on charge will be effective January 1, 2014.

Common Equity Tier 1 (CET1)

CET1 Ratio

• This is a primary Basel III capital measure comprised mainly of common equity, retained earnings and qualifying non-controlling interest in subsidiaries. Regulatory deductions made to arrive at the CET1 capital include, goodwill and intangibles, unconsolidated investments in banking, financial, and insurance entities, deferred tax assets, defined benefit pension fund assets and shortfalls in allowances.

• CET1 ratio represents the predominant measure of capital adequacy under Basel III and equals CET1 capital divided by RWA.

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60

Acronyms

Acronym Definition Acronym Definition ABCP Asset-Backed Commercial Paper MBS Mortgage-Backed Security ACI Acquired Credit-Impaired NII Net Interest Income AFS Available-For-Sale NHA National Housing Act AIRB Advanced Internal Ratings Based OCC Office of the Comptroller of the Currency CAD P&C Canadian Personal and Commercial Banking OCI Other Comprehensive Income CDS Credit Default Swap OSFI Office of the Superintendent of Financial Institutions Canada CICA Canadian Institute of Chartered Accountants PCL Provision for Credit Losses CVA Credit Valuation Adjustment PD Probability of Default EAD Exposure at Default QRR Qualifying Revolving Retail FDIC Federal Deposit Insurance Corporation QCCP Qualifying Central Counterparty GAAP Generally Accepted Accounting Principles RWA Risk-Weighted Assets HELOC Home Equity Line of Credit TEB Taxable Equivalent Basis IFRS International Financial Reporting Standards U.S. P&C U.S. Personal and Commercial Banking IRB Internal Ratings Based USD U.S. Dollar LGD Loss Given Default


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About TD Bank

About TD Bank